{"id":8873,"date":"2008-10-16T00:00:00","date_gmt":"2008-10-16T00:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"hedge-fund-takes-offer-for-epicor-to-shareholders","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/10\/2008\/hedge-fund-takes-offer-for-epicor-to-shareholders.html","title":{"rendered":"Hedge Fund takes offer for Epicor to shareholders"},"content":{"rendered":"<p>Reuters &#8211; Hedge Fund Elliott Associates LP on Wednesday took its $529 million cash offer for Epicor Software Corp directly to shareholders, two days after it was snubbed by the business software maker&#8217;s board. <\/p>\n<p>Elliott said it, through a unit, is offering $9.50 per share through the tender offer, about 40 percent premium to the stock&#8217;s closing price Tuesday, and a 20 percent premium at the time of its October 1 offer to the company.<\/p>\n<p>&quot;We would not be surprised to see shareholders accept Elliott&#8217;s offer,&quot; analyst Peter Goldmacher of Cowen &amp; Co said by phone, adding that he does not expect a rival bid to surface.<\/p>\n<p>Epicor shares shot up as much as 14 percent in morning trade but pared some of their gains and were trading up 29 cents at $7.09 in midday trade on Nasdaq.<\/p>\n<p><a href=\"http:\/\/www.hedgeco.net\/news\/news_land.php?i=http:\/\/www.reuters.com\/article\/americasDealsNews\/idUSTRE49E6ZG20081015\" target=\"_blank\"><strong>Read Complete Article<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Reuters &#8211; Hedge Fund Elliott Associates LP on Wednesday took its $529 million cash offer for Epicor Software Corp directly to shareholders, two days after it was snubbed by the business software maker&#8217;s board. Elliott said it, through a unit, [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[3189,156,2437,242,3222,117,81,3205,353,177],"class_list":["post-8873","post","type-post","status-publish","format-standard","hentry","category-syndicated","tag-breeden-capital-management","tag-brian-l-roberts","tag-convertible-bonds","tag-img-src","tag-invasive-treatments","tag-investment-arm","tag-newcastle","tag-providence-capital","tag-stocks","tag-valeo"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/8873","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=8873"}],"version-history":[{"count":0,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/8873\/revisions"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=8873"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=8873"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=8873"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}