Saturday, 27 December 2014
Last updated 2 days ago
Aug 20 2008 | 1:38pm ET
Elliott Associates has made its intentions clear regarding Epicor Software Corp.
The New York hedge fund disclosed a 5.9% stake in the Irvine, Calif.-based company this week, making it Epicor’s third-largest shareholder. In the filing, Elliott said it “made inquiries of the issuer as to whether they have considered exploring strategic alternatives.”
The hedge fund did not enumerate what alternatives it had in mind, but said it might continue discussions with Epicor or initiate them with other shareholders and third parties.
Epicor recently announced that second-quarter earnings fell by almost 80%. In April, the fund’s shares fell almost 30% after weak first-quarter earnings were announced.
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.