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Top Stories

Cadence Design Dumps Mentor Graphics; Reveals $500 Mln Stock Buyback - Update
Aug 15, 2008 13:28
Friday, electronic design automation software developer Cadence Design Systems, Inc. said it has withdrawn its proposal to acquire smaller rival Mentor Graphics Corp. Additionally, Cadence said its Board of Directors has authorized a $500 million increase to its stock repurchase program. The announcement sent the shares of Cadence higher by over 8%, while Mentor stock plunged more than 25%.


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