Mentor Graphics Comments On Ichan Offer (MENT)

Mentor Graphics Comments On Ichan Offer Chip-design maker Mentor Graphics MENT has said that it did not think this was time to put the company up for sale after a takeover proposal by investor Carl Icahn, According to Reuters reports. Mentor Graphics Chief Executive Walden Rhines said the share price had grown by 70 percent over the last year for a two-year aggregate growth of approximately 200 percent. According to Reuters, Mentor Graphics said that it determined that the Icahn $17 per share proposal undervalues the company.