Cadence IP acquisition not expected to have material impact on results Cadence Design announced that it has completed the acquisition of the IP business of Poland-based Evatronix. The acquisition is not expected to have a material impact on Cadence's balance sheet or Q2 or FY13 results of operations. Terms of the transaction were not disclosed.
Cadence Design announces new $1.2B stock repurchase program Cadence's new $1.2B stock repurchase program replaces its existing $450M program. Cadence expects to repurchase $1.2B of its common stock over the next six quarters through the end of fiscal 2016.