CIMdata PLM Industry Summary Online Archive
22 February 2011
Financial News
Mentor Graphics Confirms Receipt of Unsolicited Conditional Proposal from the Icahn Group; Shareholders Need to Take No Action at this Time
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.
The company will release financial results for the fourth fiscal quarter, ended January 31, 2011, on Thursday, February 24, 2011 at approximately 4:15 p.m. Eastern time. A conference call with investors to discuss the financial results is scheduled for 5:00 p.m. Eastern time.
Webcast Participation
Live audio webcast at http://www.mentor.com/company/investor_relations. Please register at this website prior to the scheduled call time of 5:00 p.m. Eastern time.
Conference call replay: Begins February 24, 2011 7:00 p.m. Eastern time); Ends March 4, 2011 (3:00 AM Eastern time). USA 800-475-6701; International 320-365-3844; Access code: 192453
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