Mentor Graphics has bought Israeli PCB software firm Valor Computerized Systems.
Under the terms of the agreement, Valor shareholders will receive a combination of Mentor common shares and cash for aggregate consideration of approximately $82m, equating to approximately $4.60 per Valor share.
Subject to satisfaction of regulatory requirements and approval of Valor shareholders, as well as certain closing conditions, the transaction is expected to close during the first calendar quarter of 2010, after which Valor will become a wholly-owned subsidiary of Mentor.
Shareholders owning approximately 50 percent of outstanding shares of Valor have committed to vote in favour of the transaction.