An investigation for investors in NASDAQ:MENT shares was announced over the buyout of Mentor Graphics Corp. by Siemens for $37.25 per share.
Investors who purchased shares of Mentor Graphics Corp (NASDAQ:MENT) and currently hold any of those NASDAQ:MENT shares have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 – 1554.
The investigation by a law firm concerns whether certain Mentor Graphics directors breached their fiduciary duties owed to NASDAQ:MENT investors in connection with the proposed buyout.
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 December 16, 2016 at $36.62 per share.
Those who are current investors in NASDAQ:MENT shares have certain options and should contact the Shareholders Foundation.
Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North – Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com