Cadence Design Jumps on Buyout Buzz

The company has reportedly been in talks with private equity.
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Shares of

Cadence Design Systems

(CDNS) - Get Report

rose in early Monday trading on a report that the company is in talks with buyout investors.

The stock was trading up $1.67, or 7.3%, at $24.57, on strong volume of 6.5 million shares.

The company reportedly is in discussions with Kohlberg Kravis Roberts and Blackstone Group, according to a story published by the online edition of

The New York Times

.

Cadence could not be reached for comment. A spokesperson for KKR did not return a phone call.