Epicor Confirms Receipt of Unsolicited Proposal from Elliott Associates
[ Back ]   [ More News ]   [ Home ]
Epicor Confirms Receipt of Unsolicited Proposal from Elliott Associates

IRVINE, Calif.—(BUSINESS WIRE)—October 1, 2008— Epicor Software Corporation (NASDAQ:EPIC), a leading provider of enterprise business software solutions for the midmarket and divisions of Global 1000 companies, today confirmed receipt of an unsolicited proposal from Elliott Associates, L.P. to acquire all of the outstanding shares of Epicor for $9.50 per share.

The Board of Directors of Epicor, in consultation with the Companys legal and financial advisors, will carefully consider and review Elliott Associates proposal and will respond in due course. Epicor recommends that all shareholders defer making any determination with respect to the proposal until they have been advised of the Boards position.

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. Epicors worldwide headquarters are located in Irvine, California with offices and affiliates around the world. For more information, visit www.epicor.com.



Contact:

Epicor Software Corporation
Damon Wright
Sr. Director, Investor Relations
949-585-4509
Email Contact
or
Joele Frank, Wilkinson Brimmer Katcher
Joele Frank / Tim Lynch
212-355-4449