Mentor Graphics Confirms Receipt of Unsolicited Conditional Proposal from the Icahn Group
23 2월 2011 - 3:00AM
Business Wire
Mentor Graphics Corp. (NASDAQ:MENT) today 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 PM
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 a.m.
Eastern time). USA 800-475-6701; International 320-365-3844; Access
code: 192453
About Mentor Graphics
Mentor Graphics Corporation (NASDAQ: MENT) is a world leader in
electronic hardware and software design solutions, providing
products, consulting services and award-winning support for the
world’s most successful electronic, semiconductor and systems
companies. Established in 1981, the company reported revenues over
the last 12 months of about $850 million. Corporate headquarters
are located at 8005 S.W. Boeckman Road, Wilsonville, Oregon
97070-7777. World Wide Web site: http://www.mentor.com/.
Important Information
This release may be deemed to be solicitation material in
respect of the solicitation of proxies from shareholders in
connection with the company’s 2011 annual meeting of shareholders.
The company, its directors and certain of its executive officers
and employees may be deemed to be participants in such
solicitation. The company will file a proxy statement with the
Securities and Exchange Commission (the “SEC”) in connection with
its 2011 annual meeting of shareholders. The proxy statement, any
other relevant documents and other material filed with the SEC
concerning the company will be, when filed, available free of
charge at http://www.sec.gov and
http://www.mentor.com/company/investor_relations. Shareholders are
urged to read the proxy statement and any other relevant documents
filed when they become available because they will contain
important information.
Information Regarding Participants
The company, its directors and certain of its executive officers
and employees may be deemed to be participants in the solicitation
of proxies from shareholders in connection with the company’s 2011
annual meeting of shareholders. Information concerning these
participants is available in the company’s proxy statement for the
2010 annual meeting of shareholders filed with the SEC on May 28,
2010, and in subsequent SEC filings on Forms 3 and 4. Shareholders
are advised to read the company’s proxy statement for the 2011
annual meeting of shareholders and other relevant documents when
they become available, because they will contain important
information, including information with respect to such
participants. You can obtain free copies of these referenced
documents as described above.
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