Brookside Capital Boosts Stake in Cadence Design (CDNS) to 9%
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In a 13G filing this morning on Cadence Design Systems (Nasdaq: CDNS), Brookside Capital disclosed a 23,365,069 share (8.97%) stake as of August 1, 2008. This is up from the 14,742,994 shares (5.66%) held as of July 24, 2008.
Shares of Cadence Design sank 31% on 7/24 after disclosing disappointing Q2 results and guidance.
Cadence Design Systems, Inc. develops electronic design automation software and hardware for electronics companies worldwide.
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