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.

© 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.