Elliott Associates ups stake in MSC Software to 12.9%

By Lisa Kerner

Charlotte, N.C., June 25 - Investors led by Elliott Associates, LP increased their stake in MSC Software Corp. to 12.9%, from 9.2% on May 13, with the purchase of 1,684,227 additional shares of the company's stock.

According to a schedule 13D filed with the Securities and Exchange Commission, the shares were acquired between May 27 and June 20 priced from $11.35 to $11.96 each.

In May, Elliot said it believed the company should consider exploring strategic alternatives, including a sale of the company.

The investors beneficially own 5,813,335 shares of the Santa Ana, Calif., simulation software company.

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