Siemens to Buy Mentor Graphics for $4.5 Billion

Shares of Mentor Graphics (NASDAQ: MENT) surged nearly 20% in pre-market trading on Monday after Siemens agreed buy the software maker for $4.5 billion in an all-cash deal that values the company at $37.25 per share. Mentor has been under pressure since September, after activist investor Elliott Management took an 8.1% stake in the company and claimed that its shares were “deeply undervalued.” Last month, Reuters reported that the company was exploring strategic alternatives, including a potential sale. …read more

Read more here: Siemens to Buy Mentor Graphics for $4.5 Billion

Category: MENT

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