| Mentor Graphics to Buy Valor |
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| Written by Mike Buetow | |||
| Tuesday, 13 October 2009 09:25 | |||
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WILSONVILLE, OR – Leading EDA vendor Mentor Graphics announced last night an agreement to buy Valor Computerized Systems for $82 million in cash and stock in a deal expected to be finalized by March 2010. Under the agreement, Valor shareholders will receive a combination of Mentor common shares and cash, equating to roughly $4.60 per Valor share. Valor shareholders who own approximately 50% of the company’s outstanding shares have agreed to vote in favor of the transaction. Mentor, the world's largest seller of electronics CAD tools, said the deal should be finalized during the first quarter of 2010, after which Valor will become a wholly-owned subsidiary.
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| Last Updated on Tuesday, 13 October 2009 14:29 |
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