Out of the doorway the bullets rip, to the sound of the beat. Another proposed merger bites the dust.
Cadence Design Systems
Mentor acknowledged Cadence's withdrawal, and immediately pointed out that Cadence was having trouble financing the acquisition and that the FTC might have a few objections. The portfolios of the two chip design software specialists are mostly complementary, but the overlap is still large enough that multinational giants like International Business Machines
I thought the combination would have made a lot of sense, creating a single vendor that covers more of the chip design pipeline than either company could do on its own, and for what I thought was a pretty fair price. Some of our Motley Fool CAPS players disagreed from the get-go, though, and it looks like they were right. Mentor wouldn't even talk to its suitor without a bigger dowry, and the corporate credit crisis may have been the final straw that broke this camel's back.
Fool contributor Anders Bylund holds no position in any of the companies discussed here. You can check out Anders' holdings if you like, and Foolish disclosure thinks that Queen rocked harder than they had any right to.