Mentor Graphics Corporation Agrees to Acquire Innoveda, Inc.

4/23/2002 - Mentor Graphics Corporation (Nasdaq: MENT) and Innoveda, Inc. (Nasdaq: INOV) announced today that they have signed a definitive merger agreement providing for Mentor Graphics to acquire all of the outstanding shares of Innoveda for $3.95 per share in cash, for a total purchase price of approximately $160 million. The boards of directors of both companies have approved the merger agreement.

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