Icahn Puts Mentor Graphics in Play, 3 out of 10 for footnoted

Carl Icahn just employed a classic tactic in the activist’s playbook this morning by putting a bid out there on his portfolio holding Mentor Graphics ($MENT).

From the AP:

Activist investor Carl Icahn has offered to buy software maker Mentor Graphics Corp. for $17 per share in cash, or about $1.9 billion, according to a company regulatory filing on Tuesday.

The offer is a 17 percent premium over the Wilsonville, Ore., company’s closing price last Friday.  The billionaire investor’s offer leaves room for Mentor Graphics to receive even higher bids without paying him a break-up fee, according to the filing.

Mentor is one of those boring, dependable software companies that should be a part of someone bigger any.  Icahn’s gambit now forces any industry buyers (what we call “strategics”) to step up and do something.  Classic shareholder activism, classic Icahn.

I’d also like to mention that should an acquisition of Mentor Graphics be consummated, Michelle Leder’s 2011 Top Ten Takeover Targets list (footnoted.org) will be 3 out of 10 – and it’s only February! UPDATED 1:40pm : I stand corrected as Mentor Graphics appeared on a different takeover target list, one involving activists and not footnoted’s filing research.  The footnoted track record stands at 2 out 10, not 3 out of 10.  For the accurate list of footnoted’s targets, see the link below.

Sources:

Icahn offers to buy Mentor Graphics at $17 a share (AP)

Read Also:

footnoted Has the Hottest Hand (foot?) (TRB)

What's been said:

Discussions found on the web
  1. Is Bitcoin Era safe to use? commented on Sep 23

    … [Trackback]

    […] Find More on that Topic: thereformedbroker.com/2011/02/22/icahn-puts-mentor-graphics-in-play-3-out-of-10-for-footnoted/ […]

  2. click here commented on Sep 30

    … [Trackback]

    […] Read More on to that Topic: thereformedbroker.com/2011/02/22/icahn-puts-mentor-graphics-in-play-3-out-of-10-for-footnoted/ […]

  3. mơ thấy ba ba commented on Oct 07

    … [Trackback]

    […] Here you will find 17217 more Info to that Topic: thereformedbroker.com/2011/02/22/icahn-puts-mentor-graphics-in-play-3-out-of-10-for-footnoted/ […]

  4. travel meme commented on Oct 29

    … [Trackback]

    […] Info to that Topic: thereformedbroker.com/2011/02/22/icahn-puts-mentor-graphics-in-play-3-out-of-10-for-footnoted/ […]

  5. Devops consultants commented on Nov 10

    … [Trackback]

    […] Here you will find 95745 additional Information on that Topic: thereformedbroker.com/2011/02/22/icahn-puts-mentor-graphics-in-play-3-out-of-10-for-footnoted/ […]

  6. data hk 2020 commented on Dec 01

    … [Trackback]

    […] Info on that Topic: thereformedbroker.com/2011/02/22/icahn-puts-mentor-graphics-in-play-3-out-of-10-for-footnoted/ […]

  7. wigs for women commented on Dec 17

    … [Trackback]

    […] Here you will find 91078 more Information on that Topic: thereformedbroker.com/2011/02/22/icahn-puts-mentor-graphics-in-play-3-out-of-10-for-footnoted/ […]

  8. manulife canada commented on Jan 14

    … [Trackback]

    […] Read More on that Topic: thereformedbroker.com/2011/02/22/icahn-puts-mentor-graphics-in-play-3-out-of-10-for-footnoted/ […]

  9. check car history commented on Jan 15

    … [Trackback]

    […] Read More Info here on that Topic: thereformedbroker.com/2011/02/22/icahn-puts-mentor-graphics-in-play-3-out-of-10-for-footnoted/ […]

  10. Https://onlinegundealers.com/sig-sauer/ commented on Jan 22

    … [Trackback]

    […] Find More here to that Topic: thereformedbroker.com/2011/02/22/icahn-puts-mentor-graphics-in-play-3-out-of-10-for-footnoted/ […]

Read this next.