Summary
This amended Current Report (8-K/A) from Cadence Design Systems, Inc. (CDNS) filed on September 2, 2010, supplements a previous 8-K filing from June 18, 2010. The primary purpose of this amendment is to provide the necessary financial information related to Cadence's acquisition of Denali Software, Inc. (Denali), which was completed on June 18, 2010. Investors should note that this filing includes audited financial statements for Denali for the year ended December 31, 2009, and unaudited financials for the three months ended March 31, 2010, as well as pro forma combined financial statements reflecting the impact of the acquisition. The inclusion of these financial statements is crucial for investors to understand the financial contribution and potential synergies of the Denali acquisition. The pro forma statements, in particular, offer a look at how the combined entity would have performed historically, allowing for a more informed assessment of the transaction's strategic and financial implications for Cadence going forward. This filing serves as an important disclosure update for stakeholders monitoring Cadence's growth and integration strategies.
Key Highlights
- 1Cadence Design Systems, Inc. (CDNS) filed an 8-K/A on September 2, 2010, to supplement a prior 8-K report concerning the acquisition of Denali Software, Inc.
- 2The acquisition of Denali Software, Inc. was completed on June 18, 2010.
- 3This amendment provides required financial information for the acquired business (Denali).
- 4Includes audited consolidated financial statements for Denali for the year ended December 31, 2009.
- 5Includes unaudited condensed consolidated financial statements for Denali for the three months ended March 31, 2010.
- 6Presents unaudited pro forma condensed combined financial statements of Cadence and Denali, reflecting the acquisition's impact.
- 7The pro forma information covers periods including the fiscal year ended January 2, 2010, and the three months ended April 3, 2010.