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The News in Brief

Autodesk buys Moldflow

SAN RAFAEL – Software developer Autodesk (Nasdaq: ADSK) 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.

FasTrak sponsors Infineon

SONOMA – Infineon Raceway landed a partnership with FasTrak, an electronic toll-collection system used on Bay Area bridges.

As part of the deal, racetrack visitors with a FasTrak device will be allowed to use a special lane and parking lot, both branded with the FasTrak name, to access the facility.

“That should get people in and out of here at a better rate of speed, much the same as it does on the Bay Area bridges,” Infineon spokesman John Cardinale said.

FasTrak will also receive a season-long signage presence at the track. The value of the sponsorship deal was not disclosed, but Mr. Cardinale said it is in the “very high five figures,” and the race track hopes to sign another contract with FasTrak next year.

Since Infineon offers free parking, no electronic payments will be collected at the racetrack.

Dairy farmers win $22.2M

MERCED COUNTY, SANTA ROSA – Eleven Central Valley dairymen represented by Santa Rosa law firm Lanahan & Reilley received $22.2 million in a case against their former milk co-op and its owners.

The suit filed in Merced County Superior Court against the former co-op, owners and jointly opened milk brokerage, California Milk Market, alleged that CEO George Vieira and wife Mary Vieira diverted millions in member milk money between 1995 and 2003. The court found the company and owners liable for wrongly absorbing milk premiums that should have been passed onto members when the milk was sold to processors.

The case was pending for more than four years. Attorneys Martin Reilley and Candace Shirley represented the dairymen.

Health center gets $1.8M

NORTH BAY – The Dry Creek Rancheria Band of Pomo Indians and River Rock Entertainment Authority are donating $1.8 million to support a new women’s health center run by Healdsburg District Hospital and Healthcare Foundation Northern Sonoma County.

The tribe and entertainment authority, which runs the River Rock Casino, will donate $30,000 per month for five years to the foundation.

SSU gets challenge grant

COTATI – An anonymous Sonoma County family made a $2.5 million challenge grant to the Green Music Center at Sonoma State University. Contributions to the matching grant will be doubled in value and go toward completing construction. For more information or to participate in the challenge grant, contact the university’s development office at 707-664-2712.

The Shops purchased

LARKSPUR – Darius Nourafehan of Santa Monica purchased the four-building, 23,559-square-foot retail center The Shops on Magnolia Avenue in Larkspur on April 29 for $6.6 million, or $280.15 a square foot. The center currently is fully leased.

Jerry Suyderhoud and Jerry Angel of Orion Partners represented the McLeran family, which has owned it since they developed it a half-century ago.

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