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Rigrodsky & Long, P.A. Investigates Mentor Graphics Corporation Going Private Offer - MENT

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^{Published in Science and Technology on Tuesday, February 22nd 2011 at 13:26 GMT by Market Wire}  

WILMINGTON, Del.--([ BUSINESS WIRE ])--[ Rigrodsky & Long, P.A. ] announces that it is investigating potential claims against the board of directors of Mentor Graphics Corporation (aMentor Graphicsa or the aCompanya) (Nasdaq: [ MENT ]) concerning the Companya™s receipt of a proposal from Carl C. Icahn and certain of his affiliated entities (the aIcahn Groupa), to acquire all of the outstanding shares of common stock of Mentor Graphics not currently owned by the Icahn Group (the aProposala). Click here to learn how to join the action: [ http://www.rigrodskylong.com/news/MentorGraphicsCorp-MENT ].

The investigation concerns whether Mentor Graphicsa™ board of directors is adequately shopping the Company and working to obtain the best price possible for Mentor Graphicsa™ shareholders. The Proposal contemplates the acquisition of all of the outstanding shares of common stock of Mentor Graphics not currently owned by the Icahn Group for $17.00 per share. The Icahn Group already owns approximately 14.7% of the Companya™s outstanding shares.

If you own the common stock of Mentor Graphics and purchased your shares before February 22, 2011, if you have information or would like to learn more about these claims, or if you wish to discuss these matters or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact [ Seth D. Rigrodsky, Esquire ] or [ Noah R. Wortman, Case Development Director ], of Rigrodsky & Long, P.A., 919 N. Market Street, Suite 980, Wilmington, Delaware, by telephone at (888) 969-4242, or by e-mail to [ info@rigrodskylong.com ].

Rigrodsky & Long, P.A., with offices in Wilmington, Delaware and Garden City, New York, regularly litigates securities class, derivative and direct actions, shareholder rights litigation and corporate governance litigation, including claims for breach of fiduciary duty and proxy violations in the Delaware Court of Chancery and in state and federal courts throughout the United States.

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