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Short Take: VLSI sell unit

VLSI Technology agreed to sell its Compass Design Automation subsidiary to Avant for $44 million in cash and stock so that VLSI can focus on its semiconductor business. Compass makes electronic design automation (EDA) tools.

VLSI Technology agreed to sell its Compass Design Automation subsidiary to Avant for $44 million in cash and stock so that VLSI can focus on its semiconductor business. Compass makes electronic design automation (EDA) tools.