Epicor Software Corporation (NASDAQ: EPIC), a leading provider of
enterprise business software solutions for the midmarket and divisions
of Global 1000 companies, today advised its shareholders to defer taking
action at this time in response to Elliott Associates, L.P.’s
announcement that it has commenced an unsolicited tender offer for all
of the outstanding shares of Epicor other than those it already owns at
a price of $9.50 per share in cash.
The Board of Directors of Epicor, in consultation with independent legal
and financial advisors, will carefully consider and evaluate Elliott
Associates' unsolicited tender offer and will issue its recommendation
to Epicor shareholders in due course. Epicor recommends that
shareholders defer making any determination with respect to Elliott
Associates' unsolicited tender offer until reading the Board's
recommendation statement.
Wilson Sonsini Goodrich & Rosati is acting as legal advisor and UBS
Investment Bank is acting as financial advisor to Epicor.
About Epicor Software Corporation
Epicor is a global leader dedicated to providing integrated enterprise
resource planning (ERP), customer relationship management (CRM), supply
chain management (SCM) and professional services automation (PSA)
software solutions to the midmarket and divisions of Global 1000
companies. Founded in 1984, Epicor serves over 20,000 customers in more
than 140 countries, providing solutions in over 30 languages. Employing
innovative service-oriented architecture (SOA) and Web services
technology, Epicor delivers end-to-end, industry-specific solutions for
manufacturing, distribution, retail, hospitality and services that
enable companies to drive increased efficiency, improve performance and
build competitive advantage. Epicor solutions provide the scalability
and flexibility to meet today's business challenges, while empowering
enterprises for even greater success tomorrow. Epicor offers a
comprehensive range of services with its solutions, providing a single
point of accountability to promote rapid return on investment and low
total cost of ownership. Epicor’s worldwide
headquarters are located in Irvine, California with offices and
affiliates around the world. For more information, visit www.epicor.com.