Apr 02, 2002 Wilsonville, OR
Mentor Graphics Corp. has purchased 7,836,636 shares pursuant to its tender offer for the publicly held shares of common stock of IKOS Systems Inc. and the commencement of a subsequent offering period for the remaining shares at a price of $11 per share.
The initial offering period expired at midnight New York City time on March 26, 2002. The shares tendered represent approximately 82.70 percent of IKOS' common stock on a fully diluted basis, thereby satisfying the tender offer condition that more than 50 percent of the fully diluted common stock of IKOS be tendered.
Fresno Corp., the wholly owned subsidiary through which the tender offer was made, has accepted for payment all validly tendered shares, and will make payment to the depository for the accepted shares promptly.
Mentor Graphics Corp. is a world leader in electronic hardware and software design solutions, providing products, consulting services and award-winning support for the world's most successful electronics and semiconductor companies. For more information, visit http://www.mentor.com.
