{"id":9047,"date":"2008-11-05T00:00:00","date_gmt":"2008-11-05T00:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"hedge-fund-lowers-takeover-bid-for-epicor-software","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/11\/2008\/hedge-fund-lowers-takeover-bid-for-epicor-software.html","title":{"rendered":"Hedge fund lowers takeover bid for Epicor Software"},"content":{"rendered":"<p>CNNMoney.com &#8211; New York hedge fund Elliott Associates LP lowered its offer price Tuesday for Epicor Software Corp., saying in a letter it was &quot;extremely disappointed&quot; Epicor&#8217;s board had recommended shareholders reject a takeover.<\/p>\n<p>Elliott, a large shareholder in the Irvine, Calif., software company, told Epicor&#8217;s board that it will now offer $7.50 per share, which would value the company at $446.8 million based on the number of shares outstanding at Aug. 1. That&#8217;s down from Elliott&#8217;s previous offer of $9.50 per share, which valued Epicor at $565.9 million.<\/p>\n<p>Elliott already owns 10.2 percent of the company&#8217;s shares.<\/p>\n<p><strong><a target=\"_blank\" href=\"http:\/\/www.hedgeco.net\/news\/news_land.php?i=http:\/\/money.cnn.com\/news\/newsfeeds\/articles\/apwire\/3d90dab84caa38a50672a08ddabbc0c3.htm\">Read Complete Article<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>CNNMoney.com &#8211; New York hedge fund Elliott Associates LP lowered its offer price Tuesday for Epicor Software Corp., saying in a letter it was &quot;extremely disappointed&quot; Epicor&#8217;s board had recommended shareholders reject a takeover. Elliott, a large shareholder in the [&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":[249,3189,156,2437,2689,242,1258],"class_list":["post-9047","post","type-post","status-publish","format-standard","hentry","category-syndicated","tag-asset-management","tag-breeden-capital-management","tag-brian-l-roberts","tag-convertible-bonds","tag-german-insurer","tag-img-src","tag-remorse"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/9047","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=9047"}],"version-history":[{"count":0,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/9047\/revisions"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=9047"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=9047"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=9047"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}