Billionaire activist investor Carl Icahn said Mentor Graphics should be put up for sale as he prepares to mount a proxy battle for full control over the chip-design software maker's board. "We have come to the conclusion... at the very least (Mentor Graphics) should be put up for sale and see what the shareholders want to do with it," Icahn, who holds a 14.7 percent stake in Mentor, told CNBC on Tuesday. Shares of the company nudged up further after Icahn's comments and were trading up 4 percent at $14.31 -- their highest in more than two years.
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