Mentor Graphics Corp. (1.0%) (MENT – $36.89 – NASDAQ) (MENT, Financial) is a Wilsonville, Oregon-based supplier of electronic design automation tools. This includes both the hardware and software needed to automate various mechanical and electronic processes in factory machinery. On November 14, 2016, Siemens offered shareholders $37.25 cash per share in a $4.5 billion transaction. Subject to regulatory and shareholder approvals we expect the deal to close in the second quarter of 2017.
From Mario Gabelli (Trades, Portfolio)'s ABC Fund fourth quarter 2016 commentary.
