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Mentor Graphics Corp (NASDAQ:MENT) Investor Lawsuit Against Acquisition By Siemens

  • 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.

  • To have your information reviewed for options and to receive notifications about this case, please send an email to mail@shareholdersfoundation.com, or call us at (858) 779-1554.

Lawsuit Overview

Company
Mentor Graphics Corporation
Security
NASDAQ: MENT

Case Name
Mentor Graphics Deal Case 01/04/2017
Type of Lawsuit
Mergers and Acquisition
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Summary

January 4, 2017 (Shareholders Foundation) - An investor who currently holds shares of Mentor Graphics Corp (NASDAQ:MENT), filed a lawsuit in effort to halt the proposed takeover of Mentor Graphics Corp. by Siemens for $37.25 per share.
The plaintiff alleges that the defendants breached their fiduciary duties owed to NASDAQ:MENT stockholders by agreeing to sell Mentor Graphics. too cheaply via an unfair process to Siemens

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, plaintiff claims that the proposed consideration NASDAQ:MENT shareholders will receive is grossly inadequate and undervalues Mentor Graphics Corp. In addition, the plaintiff alleges that the process is also unfair NASDAQ:MENT stockholders. Indeed, Mentor Graphics Corp shareholder Elliott Management has already committed to support the transaction.

Shares of Mentor Graphics Corp (NASDAQ:MENT) closed on January 4, 2017 at $
per share.