Siemens AG logo is seen during official opening of headquarters in Munich, Germany, June 24, 2016.    REUTERS/Michaela Rehle

Siemens AG logo is seen during official opening of headquarters in Munich, Germany, June 24, 2016. REUTERS/Michaela Rehle (Copyright Reuters 2016)

Siemens to Buy Mentor Graphics in $4.5B Deal

Markets Reuters

Siemens has agreed to buy Mentor Graphics for $37.25 per share in cash, valuing the U.S. software group at $4.5 billion.

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Siemens said on Monday that it expects the deal to result in savings that would lift earnings before interest and tax (EBIT) by more than 100 million euros ($108 million) within four years.

People familiar with the matter had told Reuters that Siemens was nearing a deal to buy Mentor Graphics, which makes software for designing semiconductors, for $4.5 billion to $4.6 billion in cash.

(Reporting by Maria Sheahan; Editing by David Goodman)

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