Mentor Graphics Corporation is a provider of software and hardware design solutions that enable its customers to develop electronic products. Recently it is the $1.4 billion market cap company is the target of some heavy-weight activist investors, including our own Investment Guru Carl Icahn.
Today, Carl Icahn and Donald Drapkin tell CNBC why they feel Mentor Graphics is trying to disenfranchise shareholders.
The two take issues with the high SG&A expenses the company have and think some change is overdue:
GuruFocus data shows that Carl Icahn owns 12.9 million shares as of September 30, 2010. Richard Perry owns 3 million shares.