| 2016-10-13 14:01:59|
MENT 14:01 10/13 10/13/16
Mentor Graphics rises following report of hiring advisor for review
Shares of Mentor Graphics (MENT) have jumped in afternoon trading following a report that indicates the company has hired an advisor to conduct a strategic review process. The company, which has been under pressure from activist investor Elliott Management, has hired a bank to help with a review, according to Street Insider, citing a source. Shares of Mentor Graphics are up 2.4% to $27.87 in afternoon trading.