Cadence Offers $1.6bn In Cash For Mentor
The deal is valued at $1.6 billion, including $69 million in debt. Mentor refused to engage in talks with Cadence, saying it would rather remain independent. San Jose, Calif.-based Cadence took the offer public on Tuesday. Cadence’s advance may have prompted Mentor, a Wilsonville, Ore.-based software maker, to launch on May 9 a hostile 23.6 million ($46.1 million) offer for engineering software maker Flomerics Group plc of Hampton Court, England.
Sources:
- www.thedeal.com
- jab-semi.blogspot.com
- www.valueline.com
- business.marc8.com
- computers.iblog365.com
- www.dollardrops.com
Tags: 1 million, 6 million, based software, cadence, cadence design systems, cdns, engineering software, england, group plc, hampton court, ment, mentor, mentor graphics, san jose calif, software maker