Mentor....
时间：12-12
整理：3721RD
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http://seekingalpha.com/article/269688-icahn-wins-3-seats-on-mentor-s-board-does-company-now-present-compelling-opportunity?source=yahoo
Icahn Wins 3 Seats on Mentor's Board: Does Company Now Present Compelling Opportunity?
Shares of Mentor Graphics (MENT) are spiking 6.5%, and are back above $15, on news that Carl Icahn has succeeded in getting all three of his nominated directors elected to the board. While it will take about a week for the final results to be made official, it seems unlikely Mentor would admit all three of Icahn's nominees had been elected unless it was fairly certain. This gives Icahn three of Mentor Graphic's eight board seats, and while short of a majority, these three will likely push the company to improve profitability as well as explore the sale of the company.
The election of Icahn's nominees is the latest news in an ongoing battle over the company. Icahn has been pushing for the company to explore a sale for months, and in February offered to buy Mentor for $17 a share, placing a starting bid on the company and hoping to flush out higher bids. Mentor's board has argued against selling the company, successfully fending off a takeover attempt from Cadence Design Systems (CDNS) in 2008, and instituting a poison pill to prevent Icahn from increasing his stake. Potential acquirers will likely see the election of the three new board members as a sign that shareholders of Mentor Graphics are open to a sale of the company, even if the board of directors is not. On the day of Mr. Icahn's initial bid in February, shares touched a 52-week high of $16.56, before falling back to close at $15.47. Since that time, shares have been trending lower, as both parties trade blows in the media. At a current share price of $15.23, Mentor would need to increase 11.6% to reach the $17 figure Icahn has offered.
The election of Icahn's nominees has increased my conviction that Mentor Graphics offers a very compelling arbitrage opportunity. Parties interested in acquiring Mentor now know that the shareholder base is open to the possibility of a deal, as are three of the eight board members. In my opinion, current prices offer an attractive risk/reward scenario, as today's events will likely be viewed as a green light for the sale of Mentor.
Icahn Wins 3 Seats on Mentor's Board: Does Company Now Present Compelling Opportunity?
Shares of Mentor Graphics (MENT) are spiking 6.5%, and are back above $15, on news that Carl Icahn has succeeded in getting all three of his nominated directors elected to the board. While it will take about a week for the final results to be made official, it seems unlikely Mentor would admit all three of Icahn's nominees had been elected unless it was fairly certain. This gives Icahn three of Mentor Graphic's eight board seats, and while short of a majority, these three will likely push the company to improve profitability as well as explore the sale of the company.
The election of Icahn's nominees is the latest news in an ongoing battle over the company. Icahn has been pushing for the company to explore a sale for months, and in February offered to buy Mentor for $17 a share, placing a starting bid on the company and hoping to flush out higher bids. Mentor's board has argued against selling the company, successfully fending off a takeover attempt from Cadence Design Systems (CDNS) in 2008, and instituting a poison pill to prevent Icahn from increasing his stake. Potential acquirers will likely see the election of the three new board members as a sign that shareholders of Mentor Graphics are open to a sale of the company, even if the board of directors is not. On the day of Mr. Icahn's initial bid in February, shares touched a 52-week high of $16.56, before falling back to close at $15.47. Since that time, shares have been trending lower, as both parties trade blows in the media. At a current share price of $15.23, Mentor would need to increase 11.6% to reach the $17 figure Icahn has offered.
The election of Icahn's nominees has increased my conviction that Mentor Graphics offers a very compelling arbitrage opportunity. Parties interested in acquiring Mentor now know that the shareholder base is open to the possibility of a deal, as are three of the eight board members. In my opinion, current prices offer an attractive risk/reward scenario, as today's events will likely be viewed as a green light for the sale of Mentor.
想起了以前的一桩并购案，好象是ST-NXP
评价是两个老太太携手过马路
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