Siemens To Buy Mentor Graphics In 4.5 Billion Deal

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Siemens to buy Mentor Graphics in $4.5 billion deal By [/home/search.html?s=&authornamef=Reuters Reuters]
Published: 07:42 BST, 14 November 2016 | Updated: 07:43 BST, 14 November 2016
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FRANKFURT, Nov 14 (Reuters) - Siemens has agreed to buy Mentor Graphics for $37.25 per share in cash, valuing the U.S.

software group at $4.5 billion.

Siemens said on Monday that it expects the deal to result in savings that would lift earnings before interest and tax (EBIT) by more than 100 million euros ($108 million) within four years.

People familiar with the matter had told Reuters that Siemens was nearing a deal to buy Mentor Graphics, which makes software for designing semiconductors, for $4.5 billion to $4.6 billion in cash.

($1 = 0.9267 euros) (Reporting by Maria Sheahan; Editing by David Goodman)