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SCHEDULE 14A INFORMATION
PROXY STATEMENT PURSUANT TO SECTION 14(A) OF THE SECURITIES
EXCHANGE ACT OF 1934
(AMENDMENT NO. )
Filed by the Registrant [X]
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[_] Preliminary Proxy Statement [_] CONFIDENTIAL, FOR USE OF THE
COMMISSION ONLY (AS PERMITTED BY
RULE 14A-6(e)(2))
[_] Definitive Proxy Statement
[X] Definitive Additional Materials
[_] Soliciting Material Pursuant to Section 240.14a-11(c) or Section 240.14a-12
Quickturn Design Systems, Inc.
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(Name of Registrant as Specified In Its Charter)
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(Name of Person(s) Filing Proxy Statement, if other than the Registrant)
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Notes:
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CONTACTS:
Quickturn Design Systems, Inc. Abernathy MacGregor Frank
Raymond K. Ostby Pauline Yoshihashi / Matt Sherman
(408) 914-6000 (213) 630-6550 / (212) 371-5999
FOR IMMEDIATE RELEASE
QUICKTURN BOARD TO REVIEW MENTOR'S REVISED UNSOLICITED OFFER
ADVISES STOCKHOLDERS TO WAIT FOR BOARD'S RESPONSE BEFORE TAKING ANY ACTION
SAN JOSE, CA -- December 28, 1998 -- Quickturn Design Systems, Inc. (Nasdaq:
QKTN) announced today, in response to Mentor Graphics Corporation's (Nasdaq:
MENT) revised unsolicited tender offer for 14.9% of the outstanding shares of
Quickturn, that the Company's Board of Directors will study the offer and make
its recommendation to stockholders in due course. In the meantime, Quickturn
urges all its stockholders to take no action with respect to Mentor's revised
unsolicited offer and any related activities until Quickturn's Board has made
its recommendation.
As previously announced, on December 8, 1998, the Quickturn Board unanimously
approved a definitive merger agreement with Cadence Design Systems, Inc. (NYSE:
CDN), a world leader in electronic design software and services. Under the
Cadence-Quickturn merger agreement, Quickturn will merge with a wholly-owned
subsidiary of Cadence in a tax-free stock-for-stock transaction, and Quickturn
stockholders will receive $14 worth of Cadence common stock for each outstanding
share of Quickturn they currently own.
Quickturn Design Systems, Inc. is the leading provider of verification products
and time-to-market engineering (TtME(/TM/)) services for the design of complex
ICs and electronic systems. The company's products are used worldwide by
developers of high-performance computing, multimedia, graphics and
communications systems. Quickturn is headquartered at 55 W. Trimble Road, San
Jose, CA 95131-1013; Telephone: 408/914-6000. For more information, visit the
Quickturn Web site at www.quickturn.com or send e-mail to [email protected].
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