DGAP-Adhoc: Valor Computerized Systems Ltd.: Mentor Graphics and Valor Sign Definitive Merger Agreement

Valor Computerized Systems Ltd. / Acquisition

13.10.2009 

Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted by
DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.

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WILSONVILLE, Ore. and YAVNE, Israel, October 13, 2009 - Mentor Graphics
Corporation (NASDAQ: MENT) and Valor Computerized Systems, Ltd. (Prime
Standard: VCR) announced today that the two companies have signed a
definitive merger agreement for Mentor Graphics to acquire Valor.


About the transaction

Under the terms of the agreement, which was approved by the boards of
directors of both companies, Valor shareholders will receive a combination
of Mentor Graphics common shares and cash for aggregate consideration
equating to approximately $4.60 per Valor share. Subject to satisfaction of
regulatory requirements and approval of Valor shareholders, as well as
certain closing conditions, the transaction is expected to close during the
first calendar quarter of 2010, after which Valor will become a
wholly-owned subsidiary of Mentor Graphics. Shareholders owning
approximately 50 percent of outstanding shares of Valor have committed to
vote in favor of the transaction.


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Information and Explaination of the Issuer to this News:

About Mentor Graphics

Mentor Graphics Corporation (NASDAQ: MENT) is a world leader in electronic
hardware and software design solutions, providing products, consulting
services and award-winning support for the world's most successful
electronics and semiconductor companies. Established in 1981, the company
reported revenues over the last 12 months of about $800 million and employs
approximately 4,425 people worldwide. Corporate headquarters are located at
8005 S.W. Boeckman Road, Wilsonville, Oregon 97070-7777. World Wide Web
site: http://www.mentor.com/.

About Valor

Valor is a leading global provider of productivity improvement software
solutions for the printed circuit board, or PCB, manufacturing supply
chain. PCBs are the principal electronic interconnect technology used in
the vast majority of electronic products sold today. Valor's solutions
target three key segments in the PCB manufacturing market: design of the
physical layout of the PCB, fabrication of the bare PCB, and assembly of
PCB components.

Risks Regarding Forward Looking Statements

Certain statements included herein are forward-looking in nature and,
accordingly, are subject to risks and uncertainties.  These forward-looking
statements are only predictions based on our current expectations and
projections about future events.  Many factors, including those indicated
in the announcement, as well as general market conditions, could impact the
realization of these forward-looking statements. Valor wishes to caution
prospective investors not to rely on any such forward-looking statements as
predictions of future events. Valor does not undertake, and specifically
disclaims any obligation, to update any forward-looking statements, which
speak only as of the date made. For additional information, see our website
at: www.valor.com/fls.


(Mentor Graphics is a registered trademark of Mentor Graphics Corporation.
All other company or product names are the registered trademarks or
trademarks of their respective owners.)

13.10.2009  |[![CDATA[|[a href="http://www.dgap.de"|]Financial News transmitted by DGAP|[/a|]]]|]

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Language:     English
Company:      Valor Computerized Systems Ltd.
              4 Faran Street
              70600 Yavne
              Israel
Phone:        +972-(0)3 - 9432430
Fax:          +972-(0)3 - 9432429
E-mail:       IR@valor.com
Internet:     www.valor.com
ISIN:         IL0010845324
WKN:          928731
Listed:       Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
              in Berlin, München, Düsseldorf, Stuttgart
 
End of News                                     DGAP News-Service
 
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