Elliott Associates extends offer for Epicor to Dec. 3

By Lisa Kerner

Charlotte, N.C., Nov. 19 - Elliott Associates, LP extended its $7.50-per-share tender offer for Epicor Software Corp. to 11:59 p.m. ET on Dec. 3 from 11:59 p.m. ET on Nov. 18.

As of 4 p.m. ET on Nov. 18, approximately 14,419,173 shares of Epicor common stock had been tendered in and not withdrawn from the offer, according to an Elliott news release.

Elliott, a 12.5% Epicor shareholder, cut its original offer price of $9.50 per share and had extended the offer from Nov. 12.

Epicor's board of directors unanimously recommended that stockholders reject Elliott's offer that began on Oct. 15, it was previously reported.

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

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