Although observers predicted Carl Icahn was planning an assault on Mentor Graphics after buying up 15% of the company’s stock, the billionaire investor said everything was fine – until last week. Now there’s a war on.
Although observers predicted Carl Icahn was planning an assault on Mentor Graphics after buying up 15% of the company’s stock, the billionaire investor said everything was fine until last week.
“My team was having a friendly dialogue,” he told The Oregonian on Thursday, when Mentor unexpectedly set its annual meeting for May. That left Icahn and other outside investors just 10 days to nominate their own candidates to the company’s board.
And that, Icahn said, is when things went south.
“I haven’t seen anything like this,” he said. “It’s a little like Pearl Harbor. You’re talking one minute, and then they pull this maneuver.”
Read more at OregonLive.com.
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