Elliott Associates one step closer to acquiring Epicor Software

By Lisa Kerner

Charlotte, N.C., Oct. 30 - The Federal Trade Commission granted early termination of the Hart-Scott-Rodino waiting period in Elliott Associates, LP's proposed acquisition of Epicor Software Corp., it was announced on Thursday.

An Elliott subsidiary began its $9.50-per-share cash tender offer for Epicor on Oct. 15.

The offer and withdrawal rights are scheduled to expire at 11:59 p.m. ET on Nov. 12, unless extended, it was previously reported.

Epicor's board of directors rejected Elliott's $529 million offer to acquire the company, a prior news release said.

Based in Irvine, Calif., Epicor designs, develops, markets and supports enterprise application software products.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.