Elliott Associates Accumulates 9.9% Stake in Epicor Software (EPIC), Discloses Talks
In a 13D filing on Epicor Software (Nasdaq: EPIC), Elliott Associates disclosed a 9.9% stake (5,978,483 shares) in the company. Elliott disclosed that they have made inquiries of the company as to whether they have considered exploring strategic alternatives. They also reserve the right to hold further talks with management, the Board of Directors or others.
Epicor Software Corporation designs, develops, markets, and supports enterprise application software solutions and services.
Elliott Associates is a $9.8 billion New York-based hedge fund founded by Paul Singer. The fund has beaten the S&P 500 for 30 years. According to Bloomberg, sinces its launch in 1977, the fund has returned 14.7% a year after fees.