Electronic hardware and software design company
said on Tuesday that it plans to offer $150 million of convertible subordinated notes to help fund its acquisition of
Mentor said the purchasers would have the option of an additional $22.4 million of the notes for a 30-day period after the sale.
The company has offered to purchase Innoveda for $3.95 a share in cash.
Shares of Mentor fell as low as $15.59 in after-hours trading Tuesday after closing at $17.20 in the regular session.