Primární kontakt
Joe
Reinhart
503.685.1250
joe_reinhart@mentor.com
Aerospace & Defense
Innovation and collaborative, synchronized program management for new programs
Explore IndustryAutomotive & Transportation
Integration of mechanical, software and electronic systems technologies for vehicle systems
Explore IndustryConsumer Products & Retail
Product innovation through effective management of integrated formulations, packaging and manufacturing processes
Explore IndustryElectronics & Semiconductors
New product development leverages data to improve quality and profitability and reduce time-to-market and costs
Explore IndustryEnergy & Utilities
Supply chain collaboration in design, construction, maintenance and retirement of mission-critical assets
Explore IndustryHeavy Equipment
Construction, mining, and agricultural heavy equipment manufacturers striving for superior performance
Explore IndustryIndustrial Machinery
Integration of manufacturing process planning with design and engineering for today’s machine complexity
Explore IndustryInsurance & Financial
Visibility, compliance and accountability for insurance and financial industries
Explore IndustryMarine
Shipbuilding innovation to sustainably reduce the cost of developing future fleets
Explore IndustryMedia & Telecommunications
Siemens PLM Software, a leader in media and telecommunications software, delivers digital solutions for cutting-edge technology supporting complex products in a rapidly changing market.
Explore IndustryMedical Devices & Pharmaceuticals
“Personalized product innovation” through digitalization to meet market demands and reduce costs
Explore IndustrySmall & Medium Business
Remove barriers and grow while maintaining your bottom line. We’re democratizing the most robust digital twins for your small and medium businesses.
Explore IndustrySiemens Digital Industries Software Mentor Graphics Corporation Announces Repurchase of Shares from Icahn Group
Siemens Digital Industries Software Mentor Graphics Corporation Announces Repurchase of Shares from Icahn Group
WILSONVILLE, Ore., February 19, 2016 - Mentor Graphics Corporation (NASDAQ: MENT) today announced that it has entered into an agreement to repurchase 8,060,145 shares of Mentor Graphics common stock beneficially owned by Carl C. Icahn and certain of his affiliates, at a purchase price of $18.12 per share, the NASDAQ official closing price of Mentor Graphics common stock on February 18, 2016. The total purchase price for the shares will be $146 million and will be funded from Mentor Graphics cash and cash equivalents on hand. The transaction is expected to be completed on February 26, 2016.
“Our decision to repurchase these shares reflects Mentor’s belief in the value of our industry-leading technologies, new market franchises and strong financial position,” said Walden C. Rhines, chairman and CEO of Mentor Graphics. “These positions provide us with a strong foundation to deliver long-term share value.”
Inclusive of this transaction, since the third quarter of fiscal 2016 earnings release on November 19, 2015, Mentor Graphics has repurchased approximately 12.2 million shares, approximately 10 percent, of our fully diluted shares outstanding.
The repurchase announced today was made outside of Mentor Graphics’ existing share repurchase program and approximately $90 million remains available for repurchase under this program.
The company anticipates announcing financial results for its fiscal year ended January 31, 2016 in early March and will discuss current share count and earnings per share guidance at the time of the earnings release and conference call.
(Mentor Graphics is a registered trademark of Mentor Graphics Corporation. All other company or product names are the registered trademarks or trademarks of their respective owners.)
Joe
Reinhart
503.685.1250
joe_reinhart@mentor.com