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[MENT] Mentor Graphics Corp

Symbol: MENT
Website: click here

8/15/2008 12:39pm
Mentor Graphics Corp CDNS withdraws proposal to acquire MENT; CDNS also announces authorization to repurchase up to $500M shares (27% of market cap)

- Together with the Company's current share repurchase program, Cadence's total share repurchase authorization is now approximately $912M
- Reminder: deal terms for acquisition was for CDNS to acquire MENT at $16/shr in cash


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