Billionaire Carl Icahn has offered to pay $1.91 billion to buy Mentor Graphics.He’s been nibbling away at the company for quite some time now.
Mentor Graphics is a semiconductor tool company and according to the WSJ, Icahm thinks other people might bid for Mentor Graphics too.
Icahn has been talking a lot about Mentor recently. Last week he said the company should put itself up for sale, while a week or two back he said that he wanted to nominate several people to join the Mentor board.
He already owns a 15 percent stake in Mentor Graphics while last year the company introduced a so-called “poison pill” provision to prevent a takeover.
Like other companies in the semiconductor business, Mentor Graphics is riding high and has forecast increased profits for its next financial quarter.