Latham & Watkins and O’Melveny & Myers have won roles on German engineering group Siemens’ $4.5bn acquisition of US based software provider Mentor Graphics.
Siemens is to acquire Mentor for $37.25 per share in cash, with a total value of $4.5bn. This represents 21% more than Mentor’s closing price on 11 November, the last trading day prior to the announcement. Oregon-based Mentor has over 5,700 employees in 32 countries and last year generated $1.2bn revenue.
