FLO Rejected by ADSK

Jun 25, 2008

FLO Rejected by ADSK

Autodesk has decided against Flomerics -- for now.

Flomerics doesn't want to be bought by Mentor (anyone know why not?) and hoped Autodesk would instead (anyone know why?). Autodesk mulled it over for a few weeks, and decided against being the white knight.

Meanwhile, unwanted suitor Mentor is itself not having much luck. Only about 5% of FLO shareholders have turned their stock over to MENT. And Cadence Design is thinking of buying up Mentor.

Posted at 08:49 AM in Mergers & Acquisitions | Permalink

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WorldCAD Access

talking about computers and design by Ralph Grabowski

Jun 25, 2008