Latest Elliott Associates L.P. Stories
NEW YORK, Dec. 17, 2012 /PRNewswire/ -- Elliott Management Corp, affiliates of which own or have an interest economically equivalent to 8.0% of the common stock of Compuware Corporation (NASDAQ:CPWR), today sent the following letter to the company's Board of Directors offering to acquire the company for $11.00 per share in cash, or an aggregate of $2.3 billion. Elliott is a multi-strategy investment firm with deep experience investing in public and private companies and an extensive...
NEW YORK, June 20, 2012 /PRNewswire/ -- Elliott Management, a $20 billion private investment firm, and its collective funds, who collectively are a major stockholder in BMC Software (NASDAQ: BMC), today issued the following open letter to BMC stockholders: June 20, 2012 Dear fellow BMC Stockholders: I write to you again on behalf of Elliott Management and our collective funds, holders of 6.5 percent of BMC Software common stock. Our letter is to inform you that we will file a...
NEW YORK, June 14, 2012 /PRNewswire/ -- Elliott Management, a $20 billion private investment firm, and its collective funds, who collectively are a major stockholder in BMC Software (NASDAQ: BMC), today filed their definitive proxy statement. The Wall Street Journal published a quote from CEO Bob Beauchamp in response that we believe provides significant insight into the entrenched Board's mindset: "We just don't agree we need four directors," Beauchamp said. "We think we are going...
NEW YORK, June 14, 2012 /PRNewswire/ -- Elliott Management, a $20 billion private investment firm, and its collective funds, holders of approximately 6.5 percent of the common stock of BMC Software (NASDAQ: BMC), today announced that it has filed definitive proxy materials with the U.S. Securities and Exchange Commission (SEC) in connection with the Company's upcoming 2012 Annual Meeting. In addition, Elliott sent BMC stockholders the following letter today seeking their support for...
NEW YORK, May 31, 2012 /PRNewswire/ -- Elliott Management, a $20 billion private investment firm and major stockholder in BMC Software (NASDAQ: BMC), today sent BMC's Board the following letter: May 31, 2012The Board of DirectorsBMC Software, Inc.2101 Citywest BoulevardHouston, TX 77042-2827Attention: Robert E. Beauchamp, Chairman and Chief Executive Officer Dear Members of the Board of Directors: I write to you again on behalf of Elliott Management and our collective funds,...
NEW YORK, May 16, 2012 /PRNewswire/ -- Elliott Management, a $20 billion private investment firm and major stockholder in BMC Software (NASDAQ: BMC), today sent BMC's Board the following letter urging its members to engage in a process to maximize stockholder value: May 16, 2012 The Board of DirectorsBMC Software, Inc.2101 Citywest BoulevardHouston, TX 77042-2827Attention: Robert E. Beauchamp, Chairman and Chief Executive Officer Dear Members of the Board of Directors: I...
NEW YORK, May 15, 2012 /PRNewswire/ -- Elliott Management today confirmed that it has nominated a slate of five highly experienced executives for election to the BMC Software Board of Directors at the Company's annual meeting. The firm sent the following letter to the Board of Directors of BMC explaining its position: May 15, 2012 The Board of DirectorsBMC Software, Inc.2101 Citywest BoulevardHouston, TX 77042-2827Attention: Robert E. Beauchamp, Chairman and Chief Executive...
WALTHAM, Mass., March 2 /PRNewswire-FirstCall/ -- Novell, Inc. (Nasdaq: NOVL) today confirmed that it has received an unsolicited, conditional proposal from Elliott Associates, L.P. to acquire the Company for $5.75 per share in cash. Novell anticipates that its Board of Directors will review Elliott's proposal in consultation with its financial and legal advisors. J.P. Morgan is serving as financial advisor and Skadden, Arps, Slate, Meagher & Flom LLP is acting as legal counsel to...
NEW YORK, March 2 /PRNewswire/ -- Elliott Associates, L.P. (together with funds under common management), a significant institutional stockholder of Novell, Inc. (Nasdaq: NOVL), today offered to purchase the entire company for $5.75 per share in cash, which implies an enterprise value net of cash of $1.0 billion. The firm sent the following letter to the Board of Directors of the Company explaining its offer: March 2, 2010 The Board of Directors Novell, Inc. 404 Wyman...
PALO ALTO, Calif., July 7 /PRNewswire/ -- Symphony Technology Group (STG), a leading private equity firm, and Elliott Management Corp., a $14 billion private investment firm, today announced that affiliates of STG have entered into a definitive agreement with MSC.Software Corporation (MSC) to acquire all of MSC's outstanding shares in a one-step all-cash merger transaction valued at approximately $360 million. Under the terms of the agreement, MSC's stockholders will receive $7.63 in cash...
