{"schema_version":"secwatch.filing_event.v1","accession":"0000813672-24-000059","form_type":"8-K","ticker":"CDNS","cik":"0000813672","company_name":"CADENCE DESIGN SYSTEMS INC","filed_at":"2024-03-05T23:59:59+00:00","discovered_at":"2026-05-14T18:03:26.989413+00:00","generated_at":"2026-06-05T04:26:18.442201+00:00","sec_items":["1.01","3.02"],"event_type":"m_and_a","sentiment":"neutral","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Cadence acquires BETA CAE for $1.24B; 60% cash, 40% stock; close expected Q2 2024","bullets":["Enterprise value of $1.24B; 60% cash (from cash on hand and/or new debt) and 40% Cadence stock.","Closing expected in Q2 2024, subject to HSR and other antitrust/FDI approvals.","Reverse termination fee of up to $60M payable if regulatory approvals not obtained by Nov 29, 2024.","Cadence to file Form S-3 resale registration for stock consideration promptly after close."],"urls":{"canonical":"https://secwatch.observer/filing/0000813672-24-000059","json":"https://secwatch.observer/filing/0000813672-24-000059.json","markdown":"https://secwatch.observer/filing/0000813672-24-000059.md","text":"https://secwatch.observer/filing/0000813672-24-000059.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/813672/000081367224000059/0000813672-24-000059-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/813672/000081367224000059/cdns-20240302.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-05T04:26:18.442201+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"b38ea400a5a86dd67c01277f82b461c529745492","claim":"CADENCE DESIGN SYSTEMS INC entered into Share Purchase Agreement with shareholders of BETA CAE Systems International AG valued at $1.24 billion (effective 2024-03-02).","evidence_excerpt":"Cadence Design Systems, Inc., a Delaware corporation (“Cadence”), entered into a Share Purchase Agreement (the “Purchase Agreement”) with the shareholders of BETA CAE Systems International AG","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/813672/000081367224000059/0000813672-24-000059-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"asset purchase"},{"label":"Counterparty","value":"shareholders of BETA CAE Systems International AG"},{"label":"Value","value":"$1.24 billion"},{"label":"Effective","value":"2024-03-02"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}