secwatch.observer — SEC 8-K summary
======================================

Issuer:     CADENCE DESIGN SYSTEMS INC (CDNS)
CIK:        0000813672
Form:       8-K
Filed at:   2022-09-01T23:59:59+00:00
Accession:  0000813672-22-000044
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.60
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Cadence completes acquisition of OpenEye Scientific Software for drug discovery software
--------------------------------------------------------------------------------

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/813672/000081367222000044/0000813672-22-000044-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/813672/000081367222000044/cdns-20220831.htm
  HTML page:      https://secwatch.observer/filing/0000813672-22-000044

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer