Tuesday, May 13, 2008

Elliott Associates Discloses 5.5% Stake in MSC.Software (MSCS), Wants A Sale Considered

In a 13D filing on MSC.Software (Nasdaq: MSCS), Elliott Associates, L.P. disclosed a 5.5% stake (2,477,465 shares) in the company. (9.2% collectively with Elliott, Elliott International and EICA).

Elliott Associates has communicated to the company their belief that they should consider exploring strategic alternatives, including a sale.

MSC.Software Corporation and its subsidiaries engage in the development, marketing, and support of simulation software and related 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.

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