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Cadence (CDNS -5.35%) went public with a 7-week-old $1.6B ($16/share) bid for rival software...

Cadence (CDNS -5.35%) went public with a 7-week-old $1.6B ($16/share) bid for rival software developer Mentor Graphics (MENT +25%), which it rejected. Cadence calls the combo "too compelling to ignore."
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