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Elliott Associates wants MSC Software to consider a sale
By Lisa Kerner
Charlotte, N.C., May 13 - Investors led by Elliott Associates, LP believe MSC Software Corp. should consider exploring strategic alternatives, including a sale of the company.
Elliott may discuss and/or meet with MSC Software's management or board, as well as potential acquirers, financing sources and other shareholders to formulate plans or proposals regarding the company, it was reported in a schedule 13D filed with the Securities and Exchange Commission.
The investors beneficially own 4,129,108 shares, or 9.2%, of the Santa Ana, Calif., simulation software company.
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