Siemens to Acquire Mentor Graphics (MENT) in $4.5B Deal
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Siemens to expand its digital industrial leadership with acquisition of Mentor Graphics
November 14, 2016 2:30 AM ESTWILSONVILLE, Ore., and BERLIN, and MUNICH, Nov. 14, 2016 /PRNewswire/ --Â Siemens is further building its Vision 2020 to shape Digital Industrial Enterprise by expanding its unique portfolio for industrial software. Siemens and Mentor Graphics (NASDAQ: MENT) ("Mentor") today announced that they have entered into a merger agreement under which Siemens will acquire Mentor for $37.25 per share in cash, which represents an enterprise value of $4.5 billion. The offer price represents a 21% premium to Mentor's closing price on November 11, 2016, the last trading day prior to the announcement. Mentor's Board of Directors approved and declared advisable... More
