WILSONVILLE, USA: Mentor Graphics Corp. confirmed that it has received an unsolicited conditional proposal from Carl Icahn and certain of his affiliated entities (the Icahn Group) for all of the outstanding shares of the company other than those it already owns at a price of $17 per share in cash.
The company’s Board of Directors will review the Icahn Group’s conditional proposal including any trade regulation limitations that may apply to alternate proposals and make a recommendation to shareholders in due course. Mentor Graphics shareholders are advised to take no action at this time pending the review of the proposal by the Mentor Graphics Board.
Tuesday, February 22, 2011
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