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Electronic design software vendor Mentor Graphics(MENT Quote) strengthened its position in the semiconductor tools market with its acquisition Monday of Sierra Design Automation, a developer of tools for 45- and 65-nanometer process.
Mentor, which develops design-for-manufacturing (DFM) tools, paid $90 million, half in cash and half in common stock, according to the company.
As a result of the acquisition, Wilsonville, Ore.-based Mentor lowered its EPS expectations, excluding items, by 2 cents, to a range of 6 cents to 8 cents for the second quarter. ...
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