Mentor Graphics Corp (MENT.OQ)
9 Dec 2016
* Mentor Graphics Corp qtrly bookings were up 50 percent over same quarter a year ago
FRANKFURT German engineering group Siemens has agreed to buy U.S.-based Mentor Graphics in a $4.5 billion deal that will bolster its industrial software operations and help it keep pace with changes to manufacturing technology.
* Mentor investor Elliott supports deal (Adds CFO comment, analyst comment, further details)
* Says about half of synergies from Mentor Graphics acquisition will be on revenue side, other half on cost side
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FRANKFURT, Nov 14 Siemens has agreed to buy Mentor Graphics for $37.25 per share in cash, valuing the U.S. software group at $4.5 billion.
SAN FRANCISCO Siemens AG , Europe's biggest industrial group, is nearing a deal to buy Mentor Graphics Corp , which makes software for designing semiconductors, for $4.5 billion to $4.6 billion in cash, according to people familiar with the matter.
Mentor Graphics Corp, a company that makes software for designing semiconductors, is working with Bank of America Corp to explore strategic alternatives, including a potential sale, according to people familiar with the matter.
Oct 16 Mentor Graphics Corp, a company that makes software for designing semiconductors, is working with Bank of America Corp to explore strategic alternatives, including a potential sale, according to people familiar with the matter.
Activist hedge fund Elliott Management said it bought 8.1 percent stake in Mentor Graphics Corp , calling on the company to increase shareholder value and pursue "strategic opportunities."