Mentor Graphics to acquire PCB manufacturing software vendor Valor

Mentor Graphics and Valor jointly announced that the two companies have signed a definitive merger agreement for Mentor Graphics to acquire Valor.

Valor offers software to improve printed circuit board manufacturing supply chain. Its software solutions simulate, optimize, monitor and control the PCB production lifecycle,

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 of approximately $82 million, equating to approximately $4.60 per Valor share. Subject to satisfaction of regulatory requirements and approval of Valor shareholders, as well as certain closing conditions, 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.