A couple of updates from Managing Automation on the Elliott Associates private equity takeover bid for Epicor:
First, Elliott lowered its bid by $2/share. That's almost $120MM that EPIC shareholders won't see.
Second, MA's source "revealed that at least two other potential buyers have privately expressed interest in Epicor, and said both are software companies in the same Tier 2 space as Epicor and similar in size to the ERP vendor."
Hmm.... anyone want to speculate? Infor is too big, QAD is too small ... but Consona (M2M, Intuitive, etc.) might be just right. Who's the other one? Epicor has sales of $485MM (ttm).