Mentor will buy Valor for $82M in cash and stock
Mentor Graphics says it will buy Israeli software maker Valor Computerized Systems for $82M
- On 7:20 am EDT, Tuesday October 13, 2009
NEW YORK (AP) -- Software maker Mentor Graphics Corp. said Tuesday it will buy Valor Computerized Systems Ltd. for $82 million in cash and stock.
Valor makes software used in the manufacturing of printed circuit boards, and the deal values the Israeli company at $4.60 per share.
Mentor said shareholders owning about 50 percent of Valor have agreed to vote in favor of the deal, and it expects the sale to close in the first quarter of 2010.
Valor will become a wholly owned Mentor subsidiary when the deal is complete. Mentor is based in Wilsonville, Ore., and Valor is headquartered in Yavne, Israel.
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