Investors showed their disappointment in
Cadence Design Systems
Monday, following a report that no buyout deal would be forthcoming for the San Jose, Calif., company.
Shares dropped $1.12, or 4.8%, to $22.18 on heavy volume by early afternoon.
Negotiations with private-equity firms
Kohlberg Kravis Roberts
stalled when the parties could not agree on a price, according to
The New York Times
Cadence, which makes chip design software, has a market cap of $6.2 billion.