- Mentor Graphics (MENT +2.9%) further reportedly hired an advisor on strategic alternatives last week.
- Reuters provides new details beyond just the Bank of America hire, though, claiming Siemens (OTCPK:SIEGY) and Dassault Systèmes (OTCPK:DASTY), along with private equity firms may be contacted during the exploration process.
- Elliot Management increased its stake in Mentor Graphics to 8.1% late in September noting strategic opportunities existed to increase shareholder value and has reportedly pressured for a move in that direction since.