Industry Expert Blogs

Carl Icahn has found one more way to entertain himself and thus the EDA community. In a regulatory filing he stated that he has offered to purchase Mentor Graphics for $17.00 a share net of any fee. Thus at the opening bell Mentor stock jumped by almost 20%, only to settle back a bit. The offer values Mentor at slightly over $1.864 billion. By contrast Synopsys market capitalization is $4.18 billion, Cadence's is $2.62 billion, and Magma is $415 million.

And in case you would wonder what would happen to his investment if the offer was not taken, Carl has removed all obstacles to a third party offering more for the stock. There are, of course, a few conditions. The completion of cursory due diligence, and the redemption and waiver of anti-takeover devices and laws such as the poison pill.

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