Epiq To Continue Strategic Review Process And Execution Of Ongoing Initiatives

(RTTNews) - Epiq Systems, Inc. (EPIQ) said Monday that it has long welcomed and appreciated the views of its shareholders, including P2 Capital Partners, LLC and St. Denis J. Villere & Company, L.L.C., and that it will certainly consider their proposals carefully as part of the process to explore a full range of strategic and financial alternatives.

Epiq was responding to recent filings on Schedule 13D by P2 and Villere.

Epiq also noted that P2's 13D filing makes reference to a proposal from P2 that was received by the company on August 29.

Epiq said its board has determined that 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.

The company noted that there can be no assurance that the exploration of strategic alternatives will result in an acquisition, divestiture, or a going-private or recapitalization deal.

The company said it has not set a timetable for completion of the process and does not plan to disclose further developments unless and until its Board approves a specific action or otherwise concludes the review of strategic alternatives.

Kirkland & Ellis LLP is serving as legal advisor to the company.