Hedge Fund Ends Offer for Epicor (Updated Story)
Daily News; White Plains (November 21, 2008)
Author: Reuters
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Editor's note: This version of the story recasts information, and adds analyst's comments, Epicor's comments and updated share price movement
NEW YORK (Reuters) - Hedge fund Elliott Associates LP ended its hostile takeover bid for Epicor Software Corp. after the business software maker's board backed its view that stockholders should reject the "highly conditional" offer, and shares of Epicor slumped to a five-year low.Hedge Fund Ends Offer for Epicor (Updated Story)
The backing down by Elliott Associates ends an almost two-month long battle which saw the hedge fund first take the offer directl...
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