Epiq rejects sale, pressure from investors continues

Epiq Systems Inc., a Kansas City, Kan., legal technology services provider, is facing increased pressure from investors after its board rejected a bid from P2 Capital, a hedge fund founded by Claus Moller, to take the company private for $20 a share.

Epiq said the P2 proposal “does not unlock the company’s long-term value, is inadequate from a financial point of view, and is not in the best interest of the company and its shareholders.”

After that rejection, P2 increased its ownership in the company to 16.9 percent Monday, according to SEC documents. This is the second investor to take a shot at Epiq in the past week.

Read more form the Kansas City Business Journal

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