- TheStreet.com•10 hours ago
Elliott Management revealed an 8.1% stake in Mentor Graphics (MENT) and said it met with the company's board to discuss 'strategic opportunities.'
Mentor Graphics is the latest technology firm the hedge fund has targeted, following successful campaigns at Qlik Technologies, Riverbed, Informatica and Compuware, which all sold to private equity firms after Elliott invested. Elliott said in a filing Thursday it had initiated a dialogue with the board of directors after taking a roughly $200 million stake in the company.
Mentor Graphics Corp. (MENT)
NasdaqGS - NasdaqGS Real Time Price. Currency in USD
|Ask||26.58 x 1700|
|Day's Range||25.60 - 27.17|
|52wk Range||16.10 - 28.09|
|1y Target Est||N/A|
Trade prices are not sourced from all markets
|P/E Ratio (ttm)||45.98|
|Avg Vol (3m)||1,171,475|
|Dividend & Yield||0.22 (0.89%)|