Friday, 22 August 2014
Last updated 12 hours 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.
Aug 4 2014 | 7:42am ET
By now, U.S. and international subscribers have received their home or office delivery of the special 500th issue of Futures magazine. You can too!—a very special offer follows. The issue is the largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders. Read more…
The July/August 2014 issue is our largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders.
The Alpha Pages Editor's Note