Mentor Graphics Retains Goldman Sachs and Merrill Lynch To Advise on Unsolicited Offer From Cadence Design Systems

Monday, June 30, 2008 9:01 AM

Symbols: CDNS, MENT

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

(Source: PR Newswire )