MSC.Software Forms Independent Committee of the Board to Consider Letter From ValueAct Capital
07 October 2004 - 12:00AM
PR Newswire (US)
MSC.Software Forms Independent Committee of the Board to Consider
Letter From ValueAct Capital SANTA ANA, Calif., Oct. 6
/PRNewswire-FirstCall/ -- MSC.Software Corp. (NYSE:MNS) today
announced that its Board of Directors has formed a committee of the
Board consisting solely of the independent directors, to consider
the unsolicited letter from ValueAct Capital Partners, L.P. The
company is retaining a financial advisor to assist the committee
with respect to the unsolicited letter. 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 Corporation 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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