Computer-Aided Design, Manufacturing and Engineering
May 11, 2008
Flomerics rejects $50 million bid from Mentor
“The offer was considered by the board of Flomerics, in conjunction with its independent advisers, and it was unanimously concluded that this offer, which is unsolicited, does not reflect the true value of Flomerics shares”
Fluid flow simulation specialist Flomerics Group plc has rejected a cash offer from EDA giant Mentor Graphics, saying it undervalues the company. via EETimes.eu
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