MSC.Software Receives Letter From ValueAct Capital
05 October 2004 - 2:37AM
PR Newswire (US)
MSC.Software Receives Letter From ValueAct Capital SANTA ANA,
Calif., Oct. 4 /PRNewswire-FirstCall/ -- MSC.Software Corp.
(NYSE:MNS) today announced that it has received a letter from
ValueAct Capital Partners, L.P. in which ValueAct stated its
interest in sponsoring a going private transaction that would
provide $9.00 per share in cash to all of the company's
shareholders. That letter was filed as an exhibit to an amendment
to Schedule 13D filed by ValueAct today. The company is reviewing
the letter from ValueAct and has no additional comment at this
time. About MSC.Software Corporation MSC.Software (NYSE:MNS) is the
leading global provider of simulation software and services, that
helps companies make money, save time and reduce costs associated
with designing and testing manufactured products. MSC.Software
works with thousands of companies in hundreds of industries to
develop better products faster by utilizing information technology,
software, services and systems. MSC.Software employs more than 1300
people in 23 countries. For additional information about
MSC.Software's products and services, please visit
http://www.mscsoftware.com/. DATASOURCE: MSC.Software Corp.
CONTACT: Press, Todd Evans, Media Relations, +1-714-445-3066, , or
Investors, Joanne Keates, Vice President, Investor Relations,
+1-714-444-8551, , both of MSC.Software Web site:
http://www.mscsoftware.com/
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