CIMdata PLM Industry Summary Online Archive

12 October 2009

Acquisitions

Mentor Graphics and Valor Sign Definitive Merger Agreement

Mentor Graphics Corporation and Valor Computerized Systems, Ltd. announced that the two companies have signed a definitive merger agreement for Mentor Graphics to acquire Valor.

About the transaction

Under the terms of the agreement, which was approved by the boards of directors of both companies, Valor shareholders will receive a combination of Mentor Graphics common shares and cash for aggregate consideration of approximately $82 million, equating to approximately $4.60 per Valor share. Subject to satisfaction of regulatory requirements and approval of Valor shareholders, as well as certain closing conditions, the transaction is expected to close during the first calendar quarter of 2010, after which Valor will become a wholly-owned subsidiary of Mentor Graphics. Shareholders owning approximately 50 percent of outstanding shares of Valor have committed to vote in favor of the transaction.

About Valor

Valor is a leading global provider of productivity improvement software solutions for the printed circuit board, or PCB, manufacturing supply chain. PCBs are the principal electronic interconnect technology used in the vast majority of electronic products sold today. Valor’s solutions target three key segments in the PCB manufacturing market: design of the physical layout of the PCB, fabrication of the bare PCB, and assembly of PCB components.

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