Autodesk Inc (NASDAQ:ADSK) shares are trading lower Thursday afternoon following reports that the design software giant is exploring a potential acquisition of rival PTC Inc (NASDAQ:PTC). Here’s what investors need to know.
What To Know: According to Bloomberg, Autodesk is working with advisors on a possible cash-and-stock deal, though no final decision has been made. PTC, which closed at a 52-week high of $210.47 Wednesday after surging 17.6%, has also attracted interest from other potential buyers. The company currently holds a market cap of roughly $21.5 billion.
