---
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"
generated_at: "2026-06-05T04:26:18.442201+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Cadence acquires BETA CAE for $1.24B; 60% cash, 40% stock; close expected Q2 2024

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 3.02
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000813672-24-000059
- JSON: https://secwatch.observer/filing/0000813672-24-000059.json
- Plain text: https://secwatch.observer/filing/0000813672-24-000059.txt

## Key facts
- Material Agreements
  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).
  - Action: entry
  - Agreement: asset purchase
  - Counterparty: shareholders of BETA CAE Systems International AG
  - Value: $1.24 billion
  - Effective: 2024-03-02
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/813672/000081367224000059/0000813672-24-000059-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.