The acquisition by Cadence Design Systems Inc, San Jose, California of Intergraph Corp’s Tangent Systems Corp affiliate has been completed: Cadence paid 1.6m of its shares, valuing the business at $21.2m, leaving Huntsville, Alabama-based Intergraph with a holding of some 5% or so in Cadence Design.
The acquisition by Cadence Design Systems Inc, San Jose, California of Intergraph Corp’s Tangent Systems Corp affiliate has been completed: Cadence paid 1.6m of its shares, valuing the business at $21.2m, leaving Huntsville, Alabama-based Intergraph with a holding of some 5% or so in Cadence Design.
