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Autodesk to buy Moldflow for $297 million

SAN RAFAEL, May 1, 2008 -- Software developer Autodesk (Nasdaq: ADSK) today said it inked an agreement to acquire injection-molding software creator Moldflow for $297 million in cash.

The deal, expected to close in the second quarter, includes a cash tender offer of $22 a share, less closing adjustments.

President and CEO Carl Bass said Framingham, Mass.-based Moldflow's analysis and simulation software were attractive for Autodesk's digital prototyping line. The company has 285 employees in development offices worldwide and had revenues of $55.9 million last year.

Autodesk expects the acquisition to trim diluted earnings per share in its second quarter by 7 to 8 cents. The price of company stock was $39.31 at the close of trading today, an increase of $1.31 a share or 3.5 percent.

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