![2016-11-14t074415z_1_lynxmpecad0fy_rtroptp_3_swiss-business](https://www.electronicsmedia.info/wp-content/uploads/2016/11/2016-11-14T074415Z_1_LYNXMPECAD0FY_RTROPTP_3_SWISS-BUSINESS-300x200.jpg)
Siemens has agreed to buy Mentor Graphics for $37.25 per share in cash, valuing the U.S. software group at $4.5 billion.
Siemens said on Monday that it expects the deal to result in savings that would lift earnings before interest and tax (EBIT) by more than 100 million euros ($108 million) within four years.
People familiar with the matter had told Reuters that Siemens was nearing a deal to buy Mentor Graphics, which makes software for designing semiconductors, for $4.5 billion to $4.6 billion in cash.