Siemens Lays Out Vision for Mentor

Dylan McGrath, EETimes
6/21/2017 00:01 AM EDT

AUSTIN, Texas—When Siemens AG agreed last November to buy Mentor Graphics Corp. for $4.5 billion, it wasn't the first time that the German conglomerate had entertained the idea of swallowing the Portland, Ore.-based EDA software vendor.

Turns out that the two companies had had what executives termed a "fly by" some nine years before. When rival Cadence Design Systems Inc. launched a hostile takeover attempt of Mentor in 2008, Siemens was one of several potential white knight acquirers that CEO Walden Rhines reached out to.

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