However, he expressed disappointment because Rhines was also reluctant to conduct further negotiations. Rhines initially talked about the merger of Cadence and Mentor Graphics on April 16, 2008. Fister recalled that he and Mentor Graphics President and CEO Walden C. In a June 17 letter to the Mentor Graphics board of directors, Cadence President and CEO Michael J. This price is also 46% higher than the average closing price of Mentor Graphics over the past 30 trading days. It is also 59% higher than the common stock at the closing price of Mentor Graphics on May 2 (when Cadence submitted its proposal to Mentor). On June 17, 2008, Cadence disclosed their acquisition plan submitted to the board of directors of Mentor Graphics, that is, the purchase of Mentor Graphics at a price of $16 per share in cash, with a total transaction value of $1.6 billion.Ĭadence said its cash purchase price was 30% higher than the Mentor Graphics closing stock on June 16 (the last trading day of Cadence’s public proposal). Because it is also supported by the Cadence Encounter and Virtuoso platforms, the Allegro collaborative design approach makes efficient design chain collaboration a reality. The constraint-driven Allegro process includes advanced features for design capture, signal integrity, and physical implementation. This method can avoid hardware rework and reduce hardware costs and shorten the design cycle. With the collaborative design approach of the application platform, engineers can quickly optimize the system interconnection between I/O buffers and across integrated circuits, packages, and PCBs. The Cadence Allegro system interconnect platform enables collaborative design of high-performance interconnects across integrated circuits, packages, and PCBs. In 2016, Cadence was named "100 Best Companies to Work in the World" by Fortune Magazine. Its headquarters is located in San Jose, California, with sales offices, design and R&D centers around the world. The product covers the entire process of electronic design, including system-level design, functional verification, IC synthesis and layout, simulation, mixed signal and RF IC design, fully customized integrated circuit design, IC physical verification, PCB design and hardware simulation modeling, etc. Its solutions are designed to enhance and monitor the design of semiconductors, computer systems, network engineering and telecommunications equipment, consumer electronics, and other types of electronic products. Is the world's largest electronic design technology (Electronic Design Technologies), program solutions services and design service providers. It was merged by SDA Systems and ECAD in 1988. (NASDAQ: CDNS) is a software company specializing in electronic design automation (EDA).
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