CIMdata PLM Industry Summary Online Archive
June 30, 2008
Company News
Mentor Graphics Retains Goldman Sachs and Merrill Lynch to Advise On Unsolicited Offer From Cadence Design Systems
Mentor Graphics Corporation today announced that its Board of Directors has retained Goldman Sachs and Merrill Lynch as financial advisors with respect to Cadence Design Systems, Inc.’s (Nasdaq: CDNS) unsolicited written proposal to acquire all outstanding shares of Mentor at a price of $16.00 per share. In addition, Latham & Watkins LLP is acting as legal advisor to Mentor Graphics.
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