Ron Burgundy Posted November 14, 2016 Share Posted November 14, 2016 Siemens agreed to buy U.S.-based Mentor Graphics in a $4.5 billion cash deal that will further enhance the German engineering group's industrial software capabilities. Siemens said on Monday it would pay $37.25 per share for Mentor Graphics, which makes software for designing semiconductors, a 21 percent premium to Friday's closing price. Siemens Chief Executive Joe Kaeser has set out to reshape the group, a household name in Germany, to make it more profitable and more agile by selling off non-core businesses and investing in areas promising faster growth and fatter margins. View the full article Quote Link to comment Share on other sites More sharing options...
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