WILSONVILLE, Ore., June 30 /PRNewswire-FirstCall/ -- Mentor Graphics Corporation today announced that its Board of Directors has retained Goldman Sachs and Merrill Lynch as financial advisors with respect to Cadence Design Systems, Inc.'s unsolicited written proposal to acquire all outstanding shares of Mentor at a price of $16.00 per share. In addition, Latham & Watkins LLP is acting as legal advisor to Mentor Graphics.
About Mentor Graphics
Mentor Graphics Corporation is a world leader in electronic hardware and software design solutions, providing products, consulting services and award-winning support for the world's most successful electronics and semiconductor companies. Established in 1981, the company reported revenues over the last 12 months of over $850 million and employs approximately 4,200 people worldwide. Corporate headquarters are located at 8005 S.W. Boeckman Road, Wilsonville, Oregon 97070-7777. World Wide Web site: http://www.mentor.com/.
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Mike Buckley, Sabrina Guttman or Ashley Zandy
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Guy Potvin
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