6/4/2002 - Cadence Design Systems, Inc. (NYSE: CDN), the world's leading supplier of electronic design products and services, today announced the expiration of the waiting period required under the Hart-Scott-Rodino Antitrust Improvements Act in connection with the previously announced proposed acquisition of Simplex Solutions, Inc. (Nasdaq: SPLX). The Act requires parties to acquisitions valued at more than $50 million to notify the Federal Trade Commission and the Antitrust Division of the Department of Justice in advance of the acquisition, and to observe a waiting period, to allow the antitrust agencies to determine whether to conduct an investigation. The expiration of the waiting period means that the requirements of the Act have been satisfied. Cadence expects to close the proposed merger promptly after approval thereof by Simplex's stockholders.
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