Icahn increases stake in Mentor to 15%

Dylan McGrath, EETimes
8/24/2010 7:13 PM EDT

SAN FRANCISCO—Activist investor Carl Icahn has acquired than more than 8.23 million more shares of EDA vendor Mentor Graphics Corp., according to a filing made Tuesday (Aug. 24) with the U.S. Securities and Exchange Commission.

Icahn now indirectly controls more than 16 million shares of Mentor through various subsidiaries, according to the filing. Based on a Mentor's total number of outstanding shares—106.8 million, according to Yahoo Finance—the new acquisitions bring his ownership stake in Mentor to just under 15 percent.

Click here to read more ...