Mentor makes a hostile bid for Quicken

Article Abstract:

Mentor Graphics Corporation made an unsolicited tender offer for Quickturn Design Systems Inc. Mentor's offer of $12.125 a share in cash represents a 50 percent premium to Quickturn's closing price of $8 on Tuesday August 11, 1998. Mentor already owns 3 percent of Quickturn. Mentor would pay $209 million for the remaining 97 percent of Quickturn. The deal would eleminate a patent battle between the two companies. The merger would create management challenges, because the business models for software and hardware are different.

Comment:

Mentor made an unsolicited offer for Quickturn

Electronic Computer Manufacturing, Computers & Auxiliary Equip, In-House Computers Services, Computer Systems Design Services, Information technology services, Mentor Graphics Corp., Agency Profile, Cadence Design Systems Inc. Quickturn Div.

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Two makers of phone gear join forces: Tellabs moves to buy Ciena for $7.3 billion

Article Abstract:

Tellabs Inc. will be the company name after it acquires Ciena Corp. for $7.3 billion in stock. Tellabs has been around since the mid-70s and makes telecom circuits that can communicate without being soldered together. Ciena is responsible for a technology that allows for 16 times more capacity on existing long-distance networks. There has been speculation that Cisco Systems might be interested in Ciena, too. Even together, the two will face stiff competition, from Lucent Technologies, Northern Telecom, and Siemens.

Comment:

Telecom equipment maker to acquire Ciena Corp. for $7.3 billion

Other Communication and Energy Wire Manufacturing, Nonferrous Wire Drawing, Tellabs Inc., Nonferrous wire, Wire drawing, Ciena Corp.

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Tyco to buy U.S. Surgical in stock deal

Article Abstract:

Tyco International Ltd. has announced that it will buy U.S. Surgical Corp. for $3.3 billion in stock. Tyco is a manufacturer of a diverse range of safety and electronics equipment and the purchase is seen as strengthening its line of medical products and supplies. U.S. Surgical had been rumored to be a takeover target for some time.

Comment:

Tyco purchases U.S. Surgical for $3.3 billion in stock

Surgical Appliance and Supplies Manufacturing, Medical Instruments & Equipment, Medical Equipment and Supplies Manufacturing, Medical Appliances & Supplies, Medical equipment, Medical equipment industry, Tyco International Ltd. (Pembroke, New Hampshire), United States Surgical Corp.

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