Cadence (CDNS) Acquisition of Will Expand Position in IP Design
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DA Davidson Downgrades Cadence Designs (CDNS) to Neutral
March 12, 2013 7:41 AM EDTDA Davidson downgraded Cadence Designs (NASDAQ: CDNS) from Buy to Neutral with a price target of $15.00 (from $17.00).
For an analyst ratings summary and ratings history on Cadence Designs click here. For more... More
Cadence Design Systems (CDNS) to Acquire Tensilica for $380 Million
March 11, 2013 4:21 PM EDTCadence Design Systems, Inc. (NASDAQ: CDNS) today announced that it has entered into a definitive agreement to acquire Tensilica, Inc., a leader in dataplane processing IP, for approximately $380 million in cash. Tensilica had approximately $30 million of cash as of December 31, 2012.
Further expanding Cadence's IP portfolio,... More
