Mentor Graphics (MENT) Said Working with BofA to Explore Sale - Reuters

October 17, 2016 6:41 AM EDT

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Mentor Graphics (NASDAQ: MENT) is said to be working with Bank of America to explore a sale, according to Reuters, citing people familiar with the matter. As part of the process, Mentor reached out to major industrial companies with software operations such as Siemens, Dassault, and private equity to gauge potential interest, the report said.

Last week StreetInsider reported that the company was reviewing strategic alternatives amid pressure from activist Elliott Management.

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