M&A
confidence high
sentiment neutral
materiality 0.60
Cadence completes acquisition of OpenEye Scientific Software for drug discovery software
CADENCE DESIGN SYSTEMS INC
- Acquisition of OpenEye Scientific Software closed on August 31, 2022.
- OpenEye provides computational molecular modeling and simulation software for drug discovery.
- Funded by cash on hand and borrowings under Cadence's senior unsecured revolving credit facility.
- No purchase price or financial guidance disclosed in the filing.