HALISTER: Siemens Buys Mentor Graphics for $37.25 a Share

Siemens Buys Mentor Graphics for $37.25 a Share

(Bloomberg) -- Siemens to acquire design automation, industrial software provider Mentor Graphics for $37.25 per share.
  • Represents enterprise value of $4.5b
  • Offer price represents a 21% premium to Mentor’s closing price on Nov. 11
  • Mentor’s Board of Directors approved merger deal, recommends approval, adoption of merger agreement by holders of shares of Mentor common stock
  • Mentor shareholder Elliott Management has committed to support transaction
Statement
Alert: HALISTER
Source: BFW (Bloomberg First Word)

Tickers
SIE GR (Siemens AG)
MENT US (Mentor Graphics Corp)
978325Z US (Elliott Management Corp)

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