Siemens Pays $3.5 Billion for UGS

Siemens has agreed to acquire UGS Corp. for approximately $3.5 billion (including assumed debt), from Bain Capital, < ?xml:namespace prefix = st1 ns = "urn:schemas-microsoft-com:office:smarttags" />SilverLake Partners and Warburg Pincus. UGS is a Plano, Texas-based maker of product lifecycle management software for industrial manufacturers. www.siemens.com www.ugs.com < ?xml:namespace prefix = o ns = "urn:schemas-microsoft-com:office:office" />