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Cadence Design Systems Inc. closed its deal to buy Verplex Systems Inc. on Aug. 19 -- but there's a catch. The San Jose-based maker of semiconductor systems structured the deal to defer some of the $130 million purchase price until later to see if Verplex, which makes semiconductor-testing software, performs according to projections. Such deferred-payment plans are easy to do if the target company, is privately held and the shareholders are individuals, said Gregory Conklin , who led the Cadence team.
August 28, 2003 at 12:00 AM
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The original version of this story was published on Law.Com
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