Tagged MENT

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An Opp to Top-Tick Mentor on Elliott’s 13D?

The Reporting Persons believe the securities of the Issuer are deeply undervalued. The Reporting Persons believe there are numerous operational opportunities, including enhancing operational efficiency and revenue quality, as well as strategic opportunities for the Issuer that would improve shareholder value.  The Reporting Persons have initiated a dialogue with the Issuer’s Management and Board of…

Icahn Wins Three Seats on Mentor’s BoD

(See earlier posts on MENT beginning on February 3, 2011) WILSONVILLE, Ore.–(BUSINESS WIRE)– Mentor Graphics Corp. (NASDAQ:MENT – News) today announced that, based on preliminary estimates provided by its proxy solicitor, shareholders have elected five management director nominees and three of Carl Icahn’s nominees. In addition, shareholders approved all five of Mentor Graphics’ proposals on…

Casablanca’s Letter to Mentor Graphics

March 31, 2011 Casablanca Capital LLC 450 Park Avenue Suite 1403 New York, NY 10022 Via Federal Express and Email Board of Directors Mentor Graphics Corporation 8005 S.W. Boeckman Road Wilsonville, OR 97070-7777 Gentlemen and Ladies: Mentor’s share price has severely underperformed all relevant benchmarks since Walden Rhines became CEO in 1993. On an unaffected…

More Icahn on Mentor Graphics

New York, New York, March 31, 2011 Contact: Susan Gordon (212) 702-4309 Carl C. Icahn announced today that the following letter has been delivered to the board of directors of Mentor Graphics Corporation:  Board of Directors Mentor Graphics Corporation Gentlemen and Ladies: Your basis for rejecting our offer to acquire Mentor Graphics was that it…

Icahn Offers Mentor Graphics Alternate Financing

(See earlier posts on MENT dated 3/29/11) CARL C. ICAHN 767 Fifth Avenue, 47th Floor New York, New York 10153 March 29, 2011 VIA FEDERAL EXPRESS AND EMAIL —————————– Board of Directors Mentor Graphics Corporation 8005 S.W. Boeckman Road Wilsonville, OR 97070-7777 Gentlemen and Ladies: To preempt your proposed dilutive convertible debt offering, which may…

Icahn Protests Against Mentor Graphics

(See earlier post dated 3/10/11 on MENT) March 29, 2011 Board of Directors Mentor Graphics Corporation Gentlemen and Ladies: In the dark of night, just one day after its Board rejected our offer of $17 per share, on March 29, 2011, the Company announced that it is going to offer to sell, in a private…

Casablanca Backs Icahn on Mentor Graphics

(See our earlier posts on MENT dated 2/22/11, 2/16/11, 2/8/11 and 2/3/11) Item 4 of the Schedule 13D is amended and supplemented to add the following information for updating as of the date hereof: As previously disclosed, on February 11, 2011, the Reporting Persons delivered a letter to the Issuer notifying it that the Reporting…

Icahn Bids for Mentor Graphics

CARL C. ICAHN 767 Fifth Avenue, 47th Floor New York, New York 10153 February 22, 2011 Via Federal Express and Fax Board of Directors Mentor Graphics Corporation 8005 S.W. Boeckman Road Wilsonville, OR 97070-7777 Gentlemen: I hereby offer to have one or more of my affiliated entities purchase Mentor Graphics in a transaction, the form…

Icahn’s Latest on Mentor Graphics

(See our earlier posts on Mentor Graphics dated 2/8/11) Item 4 of the Initial 13D is hereby amended to add the following: On the evening of February 15, 2011, Carl C. Icahn and other representatives of the Reporting Persons had a discussion with the Chief Executive Officer and other representatives of Mentor Graphics Corporation (the…

Icahn Upset at Mentor Graphics

See earlier post on Mentor Graphics (MENT) dated 2/3/11. Item 4 of the Initial 13D is hereby amended to add the following: Mentor Graphics Corporation (the “Company”) on Friday, February 4, 2010, announced that it will hold its 2011 annual meeting of shareholders six weeks earlier than last year, and left shareholders with only 10…

Casablanca’s Letter to Mentor Graphics

  (See our earlier posts from 2/3/11 and 2/8/11 on Mentor Graphics)   Casablanca Capital LLC 450 Park Avenue, Suite 1403 New York, New York 10022 February 7, 2011 BY EMAIL & FEDEX Mentor Graphics Corporation 8005 S.W. Boeckman Road Wilsonville, OR Attn: Board of Directors Dear Board of Directors: Casablanca Capital LLC is a…

Icahn Now Wants Mentor Graphics Sold

(See our earlier posts on Mentor Graphics from today 2/8/11) Item 4. Purpose of Transaction Item 4 of the Initial 13D is hereby amended to add the following: The Reporting Persons are now of the view that Mentor Graphics Corporation (the “Company”) should put itself up for sale. The Reporting Persons believe that a strategic…