Mentor Graphics Corporation
MENTOR GRAPHICS (MENT) SHAREHOLDER ALERT - Andrews & Springer LLC Is Seeking More Cash for Shareholders of Mentor Graphics Corporation
(Wilmington, DE) Andrews & Springer LLC, a boutique securities class action law firm focused on representing shareholders nationwide, is investigating potential breach of fiduciary duty claims against the Board of Directors of Mentor Graphics Corporation (NASDAQGS: MENT) (“Mentor Graphics” or the “Company”) relating to the sale of the Company to Siemens. On November 14, 2016, the two parties announced the signing of a definitive merger agreement pursuant to which Siemens will acquire Mentor Graphics in a merger worth $4.5 billion. As a result of the merger, Mentor Graphics shareholders are only anticipated to receive $37.25 per share in cash in exchange for each share of Mentor Graphics.
Our Firm's investigation so far has also discovered that the process leading up to the announcement of the merger appears to have significant conflicts of interest, thus making the process and consideration unfair.
Andrews & Springer is investigating whether Mentor Graphics’ directors are breaching their fiduciary duties by failing to adequately shop the company and maximize shareholder value. Our firm is also investigating the Company's financial advisor, Bank of America Merrill Lynch, and whether Bank of America Merrill Lynch conducted a fair sales process.