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Siemens Buys Software Maker Mentor Graphics for $4.5 Billion

Siemens Buys Software Maker Mentor Graphics for $4.5 Billion

Siemens AG agreed to buy Mentor Graphics Corp. for $4.5 billion in its biggest acquisition since 2014 as the German engineering company extends its industrial software capability. Siemens will pay $37.25 a share for Wilsonville, Oregon-based Mentor, the industrial giant said in a statement on Monday. That’s 21 percent above the closing price on Friday.…

Toyota to pay up to $3.4 billion to settle US truck lawsuit

Toyota to pay up to $3.4 billion to settle US truck lawsuit

Toyota will pay up to $3.4 billion to settle a class action lawsuit brought by US pickup and sport utility vehicle owners whose vehicles lacked adequate rust protection. Court filings show that the settlement reached Oct. 31 covers 1.5 million vehicles, dealing a financial blow to the Japanese automaker whose trucks were subject to corrosion…