Elliott Shows 8.1% Stake in Mentor Graphics (MENT) - 13D

September 29, 2016 5:05 PM EDT

Get inside Wall Street with StreetInsider Premium. Claim your 2-week free trial here.

After the close Thursday, activist hedge fund Elliott Associates showed a 8.1% stake in Mentor Graphics (NASDAQ: MENT) in a 13D filing after the close.

Item 4. Purpose of Transaction.

The Reporting Persons believe the securities of the Issuer are deeply undervalued. The Reporting Persons believe there are numerous operational opportunities, including enhancing operational efficiency and revenue quality, as well as strategic opportunities for the Issuer that would improve shareholder value. The Reporting Persons have initiated a dialogue with the Issuer's Management and Board of Directors (the "Board") regarding those opportunities.



Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In






Related Categories

13Ds, Hedge Funds, Hot Hedge Fund News

Related Entities

Elliott Associates, 13D

Add Your Comment