Industry Expert Blogs
Carl Icahn Responds to Mentor's Offer of Convertible DebtGabe on EDA - Gabe MorettiMar. 31, 2011 |
The interaction between Carl Icahn and Mentor has now taken on the characteristics of a tennis match. As one party forehands the ball in the opposite court, the other responds with a backhand down the line. Mentor staying power is remarkable, but Icahn is a very skilled player of the game. In the end the Mentor stockholders are the referee and the first set will be concluded at the stockholders meeting in May. The first response to the deliberations of Mentor's Board of Directors was a letter reproduced below in its entirety.