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This excerpt taken from the CDNS 10-Q filed Dec 11, 2008. Proposed
Acquisition of Mentor Graphics Corporation
On May 2, 2008, we made a proposal to the board of
directors of Mentor Graphics to acquire all of the outstanding
shares of Mentor Graphics common stock for cash consideration of
$16.00 per Mentor Graphics share, representing a total value of
approximately $1.6 billion. On May 23, 2008, the
Mentor Graphics board of directors informed us that it did not
wish to pursue discussions with us given Mentor Graphics’
desire to stay independent. On June 17, 2008, we publicly
announced our offer and Mentor Graphics publicly confirmed that
it received an unsolicited offer from us and that it previously
rejected our offer. We currently expect to borrow in excess of
$1.0 billion if we are successful in acquiring all of
Mentor Graphics’ outstanding shares and we are currently
reviewing various alternatives for financing this transaction.
There are no assurances that the acquisition will be completed
or that financing will be available on terms that are acceptable
to us.
This excerpt taken from the CDNS 10-Q filed Jul 29, 2008. Proposed
Acquisition of Mentor Graphics Corporation
On May 2, 2008, we made a proposal to the board of
directors of Mentor Graphics to acquire all of the outstanding
shares of Mentor Graphics common stock for cash consideration of
$16.00 per Mentor Graphics share, representing a total value of
approximately $1.6 billion. On May 23, 2008, the
Mentor Graphics board of directors informed us that it did not
wish to pursue discussions with us given Mentor Graphics’
desire to stay independent. On June 17, 2008, we publicly
announced our offer and Mentor Graphics publicly confirmed that
it received an unsolicited offer from us and that it previously
rejected our offer. We currently expect to borrow in excess of
$1.0 billion if we are successful in acquiring all of
Mentor Graphics’ outstanding shares and we are currently
reviewing various alternatives for financing this transaction.
There are no assurances that the acquisition will be completed
or that financing will be available on terms that are acceptable
to us.
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