Symphony Technology matches equity firms' offer for MSC.Software

By Lisa Kerner

Charlotte, N.C., Sept. 17 - A Symphony Technology Group affiliate raised its offer price for MSC.Software Corp. to $8.15 per share, according to an MSC news release.

The new offer comes after the unnamed private equity firms seeking to buy MSC offered $8.15 per share for the company earlier in the week.

In July, Symphony entered into a merger agreement to acquire MSC for $7.63 per share in cash.

MSC said its board of directors is considering Symphony's latest offer.

Symphony is a strategic private equity firm based in Palo Alto, Calif.

MSC is a Santa Ana, Calif., simulation software company.

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