Mentor to acquire LogicVision
EDA specialist Mentor Graphics is finalising an agreement to acquire LogicVision, a leader in built in self test solutions.
The terms of the $13million agreement will result in LogicVision stockholders receiving 0.2006 of a share of Mentor Graphics' common stock for each share of LogicVision.
LogicVision's president and chief executive officer, Jim Healy, said: "We are excited about the proposed combination with a successful company like Mentor and believe that the transaction will allow our stockholders to continue to participate in the potential of the combined entity."
The transaction is subject to the approval of LogicVision stockholders, but is expected to take effect in Q3 of 2009.
