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PCB | October 13, 2009

Mentor buys Valor

Mentor Graphics and Valor have signed a definitive merger agreement for Mentor Graphics to acquire Valor.
Under the terms of the agreement, which was approved by the boards of directors of both companies, Valor shareholders will receive a combination of Mentor Graphics common shares and cash for aggregate consideration equating to approximately $4.60 per Valor share.

The transaction is expected to close during the first calendar quarter of 2010, after which Valor will become a wholly-owned subsidiary of Mentor Graphics.

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