Mentor Graphics Corporation Closes Tender Offer For Innoveda, Inc.

5/29/2002 - Mentor Graphics Corporation (Nasdaq: MENT) today announced the completion of its cash tender offer for the shares of common stock of Innoveda, Inc. (Nasdaq: INOV) at a price of $3.95 per share. The tender offer expired at 12:00 midnight New York City time on May 28, 2002. Based on preliminary information from the depositary for the offer, Innoveda stockholders had validly tendered and not withdrawn 39,517,200 shares of Innoveda common stock during the tender offer, which represents approximately 94.4% of Innoveda's outstanding common stock.

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