Short Take: Cadence rescinds stock buy-back plan
Cadence Design Systems rescinded its stock buy-back program in order to comply with Securities and Exchange Commission rules regarding its proposed merger with Cooper & Chyan Technology. Cadence will proceed with its systematic stock repurchases for the company's employee stock purchase plan. The merger is set to be finalized May 7.
rescinded its stock buy-back program in order to comply with Securities and
Exchange Commission rules regarding its proposed merger with Cooper & Chyan Technology. Cadence will proceed with its systematic stock repurchases for the company's employee stock purchase plan. The merger is set to be finalized May 7.