Mentor says no
Cadence’s attempt to buy Mentor Graphics has received a rapid response from the Oregon based eda company.
According to chairman and ceo Wally Rhines, pictured: “As we recently indicated to Cadence, we reviewed Cadence's proposal and analysed both the price proposed and the risks associated with obtaining antitrust approval for a combination between the companies.
“Following this review, we concluded that not only was the price insufficient to support a transaction, but that the risks of not gaining regulatory approval were sufficiently high that the ability of the parties to consummate the transaction would be in jeopardy.
“For these and other reasons, our Board unanimously rejected the proposal.”
