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CADENCE-DESIGN

The Wire

Cadence withdraws proposal to buy Mentor Graphics

Electronic design software maker Cadence Design Systems Inc. on Friday withdrew its offer to buy smaller rival Mentor Graphics Corp.

Cadence offers to buy Mentor Graphics for $1.45B

Electronic design software maker Cadence Design Systems Inc. disclosed Tuesday it has offered $16 a share for smaller rival Mentor Graphics Corp., after failing to agree on deal privately for nearly two months.

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