Design & Reuse

Activist investor Icahn chastises Mentor again

Dylan McGrath, EETimes
5/2/2012 1:31 PM EDT

SAN FRANCISCO—Billionaire financier Carl Ichan is still agitating EDA vendor Mentor Graphics Corp.

Icahn, who controls about 15 percent of Mentor and last year saw three of his nominees to the company's board elected by shareholders after a proxy fight, issued a new open letter to Mentor Tuesday (May 1) describing his disappointment that two of the three directors were not re-nominated to serve on the company's board for another year.