DA Davidson Upgrades Mentor Graphics (MENT) to Buy
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Mentor Graphics Corporation Announces Repurchase of Shares from Icahn Group
February 19, 2016 8:45 AM ESTWILSONVILLE, Ore., Feb. 19, 2016 /PRNewswire/ -- Mentor Graphics Corporation (NASDAQ: MENT) today announced that it has entered into an agreement to repurchase 8,060,145 shares of Mentor Graphics common stock beneficially owned by Carl C. Icahn and certain of his affiliates, at a purchase price of $18.12 per share, the NASDAQ official closing price of Mentor Graphics common stock on February 18, 2016. The total purchase price for the shares will be $146 million and will be funded from Mentor Graphics cash and cash equivalents on hand. The transaction is... More
