Author: Arsheeya Bajwa
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Cadence to buy BETA CAE Systems for $1.24 billion
By Stephen Nellis and Arsheeya Bajwa (Reuters) -Cadence Design Systems will buy BETA CAE Systems International AG, which makes software for analyzing car and jet engine designs, for $1.24 billion in cash and stock, Cadence said on Tuesday. Cadence will pay about $744 million in cash and the rest in stock. The San Jose, California-based…