English
Icahn turns up heat on Mentor's board
Dylan McGrath, EETimes
3/30/2011 1:41 PM EDT
SAN FRANCISCO—Billionaire financier Carl Icahn lashed out at EDA vendor Mentor Graphics Corp.'s board of directors Tuesday (March 29), slamming the board for rejecting his $1.9 billion takeover bid and announcing plans to raise up to $253 million through private placement of convertible bonds.
Mentor said Monday that its board voted unanimously to reject a $1.9 billion takeover bid made by billionaire financier Carl Icahn last month. On Tuesday, the company said it would raise money through private placement of between $220 million and $253 million worth of convertible bonds due in 2031.
|
E-mail This Article | 
|
|
Printer-Friendly Page |
Related News
- Icahn nominees win seats on Mentor's board
- Xilinx Board of Directors Authorizes A Repurchase Of Up To $750 Million Of The Company's Outstanding Common Stock
- Activist investor Icahn chastises Mentor again
- Icahn letter highlights Mentor CEO's pay
- Eliyan Ports Industry's Highest Performing PHY to Samsung Foundry SF4X Process Node, Achieving up to 40 Gbps Bandwidth at Unprecedented Power Levels with UCIe-Compliant Chiplet Interconnect Technology
Breaking News
- Jury is out in the Arm vs Qualcomm trial
- Ceva Seeks To Exploit Synergies in Portfolio with Nano NPU
- Synopsys Responds to U.K. Competition and Markets Authority's Phase 1 Announcement Regarding Ansys Acquisition
- Alphawave Semi Scales UCIe™ to 64 Gbps Enabling >20 Tbps/mm Bandwidth Density for Die-to-Die Chiplet Connectivity
- RaiderChip Hardware NPU adds Falcon-3 LLM to its supported AI models