Mentor Graphics Responds to Cadence Announcement of Withdrawal of Acquisition Proposal

    WILSONVILLE, Ore., Aug. 15 /EMWNews/ -- Mentor Graphics

(Nasdaq: MENT) acknowledged Cadence Design Systems' (Nasdaq: CDNS) press

release indicating that Cadence was withdrawing their proposal to acquire

Mentor Graphics. Mentor Graphics notes that this withdrawal is inconsistent

with both Cadence's recent public statements and recent communications

between Mentor Graphics and Cadence. Mentor Graphics was aware that, as

described in the Cadence press release, Cadence was facing challenges in

obtaining financing for the transaction. Additionally, today the Federal

Trade Commission (FTC) made a "second request" indicating that regulatory

review of the previously proposed transaction would have been protracted.



    Mentor Graphics has been working diligently to enhance shareholder

value and will continue these efforts.

    About Mentor Graphics



    Mentor Graphics Corporation (Nasdaq: MENT) is a world leader in

electronic hardware and software design solutions, providing products,

consulting services and award-winning support for the world's most

successful electronics and semiconductor companies. Established in 1981,

the company reported revenues over the last 12 months of over $850 million

and employs approximately 4,200 people worldwide. Corporate headquarters

are located at 8005 S.W. Boeckman Road, Wilsonville, Oregon 97070-7777.

World Wide Web site: http://www.mentor.com/.






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