Elliott Associates Offers To Acquire Epicor Software (EPIC) for $9.50/Sh
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Elliott Associates, L.P. offered to acquire Epicor Software Corporation (Nasdaq: EPIC) for $9.50 per share. Elliott Associates currently owsn 10.2% of the Epicor Software's stock.
Elliott said, "Elliott is prepared, based upon our review of publicly available information, to offer to acquire 100% of the Company's outstanding shares for a price of $9.50 per share in cash. This represents a 20% premium to yesterday's closing share price and a 25% premium to the trailing 60-day volume-weighted average price. Note that it is our strong belief that Epicor's recent stock price has been supported in part by public disclosure of Elliott's holdings in the Company."
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