Cadence Fades on Buyout Fizzle

The company and private equity can't meet on price.
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Investors showed their disappointment in

Cadence Design Systems

(CDNS) - Get Report

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

and

Blackstone Group

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.