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Cadence Buyout Now Off?

Written by Administrator
Monday, 18 June 2007
NEW YORK – According to a report in the New York Times the talks between Cadence Design Corp and the private equity firms Kohlberg Kravis Roberts and The Blackstone Group have stalled over price. While the talks may resume in the future they are currently suspended according to NY Times sources. The NY Times concluded that at $6.5 billion, Cadence might be too expensive a gamble for the equity firms to take. This story was first leaked by the NY Times on June 4, 2007 and has not been commented on directly by Cadence officials.

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