Altair jumps after report says Siemens in talks to buy engineering software firm
** Shares of engineering software maker Altair Engineering ALTR.O rise 3.6% to $106.70
** Siemens AG SIEGn.DE is in talks about a potential deal to acquire ALTR, Bloomberg News reports, citing people familiar with the matter
** ALTR is exploring a sale, Reuters said in an exclusive report on Tuesday, citing three people familiar with the matter
** Potential bidders include rival design software makers such as PTC PTC.O, Cadence Design Systems CDNS.O, sources told Reuters
** Up to last close, ALTR stock had risen ~22% YTD
Reporting by Jaspreet Singh in Bengaluru
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