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

|About: Cadence Design Systems,... (CDNS)|By:, SA News Editor

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."