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If you purchased shares of Mentor Graphics Corp (NASDAQ:MENT) and currently hold any of those NASDAQ:MENT shares, you have certain options and you should contact the Shareholders Foundation, Inc.
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To have your information reviewed for options and to receive notifications about this investigation, please send an email to mail@shareholdersfoundation.com, or call us at (858) 779-1554.
Investigation Overview
November 23, 2016 (Shareholders Foundation) - An investigation on behalf of investors, who currently hold shares of Mentor Graphics Corp (NASDAQ:MENT), was announced concerning whether the takeover of Mentor Graphics Corp. by Siemens for $37.25 per share is unfair to NASDAQ:MENT stockholders.
The investigation by a law firm concerns whether certain officers and directors of Mentor Graphics breached their fiduciary duties owed to NASDAQ:MENT investors in connection with the proposed acquisition.
On November 14, 2016, Siemens and Mentor Graphics Corp (NASDAQ:MENT) announced that they have entered into a merger agreement under which Siemens will acquire Mentor Graphics Corp (NASDAQ:MENT) for $37.25 per share in cash, which represents an enterprise value of $4.5 billion.
However, given that Mentor Graphics Corp shareholder Elliott Management has already committed to support the transaction, the investigation concerns whether the offer is unfair to NASDAQ:MENT stockholders. More specifically, the investigation concerns whether the Mentor Graphics Board of Directors undertook an adequate sales process, adequately shopped the company before entering into the transaction, maximized shareholder value by negotiating the best price, and acted in the shareholders' best interests in connection with the proposed sale.
Shares of Mentor Graphics Corp (NASDAQ:MENT) closed on November 23, 2016 at $36.56 per share.
