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  • American City Business Journals5 days ago

    How Mentor spent its summer fending off activist investors (and finding the right deal)

    Regulatory filings for the merger of Wilsonville-based Mentor Graphics and German conglomerate Siemens show that the Oregon company has been in play for much of this year. Talks between Siemens and Mentor started in early May, when the German company — which already had a business relationship with Mentor — contacted CEO Walden Rhines and scheduled a July meeting, according to the filings. Siemens had proposed an all-cash deal, but the price fluctuated before landing on the final $37.25 price.

  • American City Business Journals29 days ago

    Here's why California's high-speed rail system wants permission to buy foreign train components

    The train-buying process has begun for California’s high-speed rail system with a request to federal authorities to buy some of the components from foreign countries, if necessary, because there are no U.S.-based high-speed train manufacturers. The California High-Speed Rail Authority filed a waiver request earlier this week with the Federal Railroad Administration that would exempt the authority from the “buy America” requirements of federal law because no U.S. passenger train manufacturers currently exist. The system is planning to issue a request for proposals to passenger train manufacturers within the next eight months to produce two working prototype trains and 16 trainsets of 10 cars each, capable of 220-mph service, spokeswoman Lisa Marie Alley said.

  • American City Business Journalslast month

    Sacramento's Siemens AG train factory snags another big order

    Siemens AG’s train factory in Sacramento has won a $118 million contract from The Metropolitan Council to build 27 light rail vehicles for the Twin Cities’ Metro Transit. The Metropolitan Council operates the mass transit system in St. Paul and Minneapolis, Minnesota, and their metropolitan area. It currently has a fleet of 59 Siemens S70 light rail vehicles.