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Old Aug 16, 2008, 11:24 PM   #1
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Cadence pulls bid to buy Mentor Graphics

Cadence Design Systems has withdrawn its $1.5 billion bid to acquire rival Mentor Graphics.

Cadence had made an offer in June to buy the chip-design software company, but said in a statement Friday that Mentor's board and management "were unwilling to engage in substantive discussions."
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