The Earth Times Online Newspaper (Free subscription) | 11/21/2008
IRVINE, Calif. - Epicor Software Corporation (NASDAQ:EPIC), a leading provider of enterprise business software solutions for the midmarket and divisions of Global 1000 companies, today issued the following statement in response to Elliott Associates L.P.’s announcement that it has
Tech Trader Daily (Free subscription) | 11/21/2008
Elliott Associates this morning announced that it is terminating its $7.50 a share tender offer for Epicor Software (EPIC) . Earlier this month, Elliott had cut its offer from $9.50 a share; Epicor had rejected the higher bid as too low, which made the reduced bid a strange move. The press release from Elliott, which holds a 12.5% stake in Epicor, included a letter to the company’s board saying it...
Business Wire (Free subscription) | 11/21/2008
Epicor Comments on the Termination of Elliott Associates’ Tender OfferIRVINE, Calif.--()--Epicor Software Corporation (NASDAQ:EPIC), a leading provider of enterprise business software solutions for the midmarket and divisions of Global 1000 companies, today issued the following statement in response to Elliott Associates L.P.’s announcement that it has terminated its previously...
Business Wire (Free subscription) | 11/20/2008
Epicor Board of Directors Affirms Its Recommendation that Stockholders Reject Elliott Associates’ Highly Conditional Extended Offer and Not Tender Their SharesIRVINE, Calif.--()--Epicor Software Corporation (NASDAQ:EPIC), a leading provider of enterprise business software solutions for the midmarket and divisions of Global 1000 companies, today issued the following statement in response...
Market Watch (Free subscription) | 11/21/2008
NEW YORK (MarketWatch) -- Hedge fund Elliott Associates L.P. said Friday that it has ended its tender offer, slated to expire Dec. 3, for shares of Epicor Software Corp. . Elliott, which is a major shareholder in Epicor, said it was "astounded and disappointed" that the Epicor board recommended that shareholders reject its $7.50-a-share bid, but that it "remains interested in...
SeekingAlpha.com (Free subscription) | 11/14/2008
... positive operating cash flow in the first half of 2009. When the New York-based hedge fund, Elliott Associates, offered to buy Endologix for $98 million, or $2.25 per share, I described the unsolicited proposal as a ‘ lowball bid ’. Today comes news that the company’s board has rejected the proposal. Complete Story »
Business Wire (Free subscription) | 11/13/2008
Endologix Responds to Unsolicited Proposal from Elliott Associates IRVINE, Calif.--()--Endologix, Inc. (NASDAQ:ELGX), the developer of the Powerlink® System for the minimally invasive treatment of abdominal aortic aneurysms (AAA), today announced that its Board of Directors has unanimously determined not to pursue the unsolicited indication of interest from Elliott Associates,...
Business Wire (Free subscription) | 11/05/2008
IRVINE, Calif.--(BUSINESS WIRE)--Epicor Software Corporation (NASDAQ:EPIC), a leading provider of enterprise business software solutions for the midmarket and divisions of Global 1000
Market Watch (Free subscription) | 11/04/2008
NEW YORK (MarketWatch) -- Hedge fund Elliott Associates L.P. said Tuesday that it lowered its takeover bid for Epicor Software Corp. to $7.50 a share from $9.50 a share. "If finally given the opportunity to conduct diligence, we are hopeful the offer could be increased," the fund said in a letter to Epicor's board. Elliott, which is a major shareholder in Epicor, also extended...
PR News Wire (Free subscription) | 11/04/2008
NEW YORK, Nov. 4 /PRNewswire/ -- Elliott Associates, L.P., a major stockholder of Epicor Software Corporation (Nasdaq: ) that owns collectively with its affiliated funds 10.2% of the common stock of the company, today announced that it is lowering its offer price for all of the outstanding shares of common stock of Epicor to $7.50 per share from $9.50 per share and extending the duration...
Business Wire (Free subscription) | 10/28/2008
Epicor Board Unanimously Rejects Elliott Associates Unsolicited Tender OfferRecommends Stockholders Not Tender Their Shares into Highly Conditional OfferLaunch of Epicor 9 Expected to Further Establish Epicor as a Clear Leader in the Midmarket and Generate Growth OpportunitiesIRVINE, Calif.--()--Epicor Software Corporation (NASDAQ: EPIC), a leading provider of enterprise business software...
The Street (Free subscription) | 10/28/2008
Despite the downturn in the economy, activist investors are still making their market on what they consider to be undervalued assets. Here at Stockpickr.com, we track many of the latest activist situations for those interested in piggybacking the best activist investors. For example, private-equity firm Elliott Associates is planning to offer to acquire all of Endologix's outstanding...
Seeking Alpha China (Free subscription) | 10/23/2008
Douglas Cress submits: More good news from Endologix (ELGX), the Irvine, CA-based company mulling over a $98 million buyout bid from hedge fund Elliott Associates . This week, the company’s IntuiTrak Delivery System was approved by the FDA. The System will be used to deliver and deploy the company’s stent graft, for the endovascular repair of abdominal aortic aneurysms [AAA]. Endologix...
CFO (Free subscription) | 10/20/2008
... private equity firms became more active as mid-market buyers in the seven days just past, with Elliott Associates buying Epicor Software; First Reserve taking an undisclosed economic interest in Reliant Energy; and Advent International and a French outfit called Doc@Post purchasing the French transaction processing activities of Experian Plc, according to data provided to CFO.com...
