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Elliott Discloses 8.1% Activist Stake in Mentor Graphics

September 30, 2016 : Permanent Link

(Bloomberg) Elliott Management Corp. increased its activist stake in Mentor Graphics Corp. to 8.1 percent, saying shares of the design-services provider are deeply undervalued. “There are numerous operational opportunities, including enhancing operational efficiency and revenue quality, as well as strategic opportunities” that would improve shareholder value, the hedge fund, run by billionaire Paul Singer, said in a 13D filing Thursday. Elliott has “initiated a dialogue with the issuer’s management and board of directors regarding those opportunities.”

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