Icahn wants Mentor Graphics to be sold


Billionaire investor Carl Icahn declared on television that he is unhappy with Mentor Graphics’ management, and that he wants the company sold.

Share this article!

Billionaire investor Carl Icahn declared on television that he is unhappy with Mentor Graphics’ management, and that he wants the company sold.

Icahn holds about 15% of the company’s stock.

Despite Icahn’s bold statements, it’s not at all clear a market exists for Mentor. The software company operates in a specialized market and doesn’t easily fit into too many larger corporations’ portfolios.

On Tuesday, Icahn told CNBC that he believes executives at Mentor and other corporations are insulating themselves from shareholders and spending too much on themselves.

“They don’t own these companies,” he said. “These companies aren’t their piggybanks.”

Read more at OregonLive.com.

{biztweet}icahn mentor{/biztweet}




Latest from Oregon Business Team