Tuesday, June 17, 2008

Cadence bids to buy Mentor Graphics

Now this is news!! I can't believe it - poor wally!

Cadence Design Systems, Inc. announced it has submitted a proposal to the board of directors of Mentor Graphics Corp. to acquire Mentor Graphics for $16.00 per share in cash. The transaction is valued at $1.6 billion.

[From Cadence bids to buy Mentor Graphics]

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