![Cadence to buy BETA CAE Systems for $1.24 billion](https://newsology.co.in/wp-content/uploads/https://cdn.zeebiz.com/sites/default/files/2024/03/06/283196-cadence-reuters.jpg)
Cadence to buy BETA CAE Systems for $1.24 billion
[ad_1] 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. California-based Cadence, whose shares fell more than 3%, will pay about $744 million in cash and the rest in stock. The company said it will…