WILSONVILLE, Ore., June 30 /PRNewswire-FirstCall/ -- Mentor Graphics
Corporation (Nasdaq: MENT) 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 (Nasdaq: CDNS) 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 (Nasdaq: MENT) 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/.
Contact:
Mike Buckley, Sabrina Guttman or Ashley Zandy
Brunswick Group - San Francisco
415-293-8461
Guy Potvin
Brunswick Group - New York
212-333-3810
SOURCE Mentor Graphics Corporation
