We use cookies on this site to enable your digital experience. By continuing to use this site, you are agreeing to our cookie policy. close

Icahn Offers $1.9B For Mentor Graphics

Law360 (February 22, 2011, 6:49 PM EST) -- Software maker Mentor Graphics Corp. confirmed Tuesday that it received an unsolicited bid from activist investor Carl Icahn to buy all of the outstanding shares of the company for approximately $1.9 billion.

The financier, who currently owns about 14.7 percent of shares in the electronic hardware and software design company, has offered to snap up the remaining shares for $17 per share in cash, which amounts to about $1.9 billion total.

“The company’s board of directors will review the Icahn Group’s conditional proposal including any trade...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.