Cadence and Simplex Announce Merger Exchange Ratio

June 26, 2002 by Jeff Shepard

Cadence Design Systems Inc. (San Jose, CA) and Simplex Solutions Inc. (Sunnyvale, CA) announced a merger exchange ratio in connection with the Cadence-proposed acquisition of Simplex. If the merger with Simplex is completed, the Simplex stockholders will receive 0.9245 percent of one share of Cadence common stock for each share of Simplex common stock owned by the Simplex stockholder at the time of the merger.