Reuters – Endologix Inc said it received an unsolicited takeover bid from hedge fund Elliott Associates LP for $2.25 a share, 18 percent higher than the stock’s Wednesday closing price.

The company, which develops and manufactures minimally invasive treatments for vascular diseases, said it will review the unsolicited proposal and make a determination and respond in due course.

Endologix asked its stockholders to defer judgment on the unsolicited proposal until that determination has been made.

Also on Wednesday, New York-based Elliott took its $529 million cash offer for Epicor Software Corp directly to shareholders, two days after it was snubbed by the business software maker’s board. [nBNG397251]

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Reuters – Hedge Fund Elliott Associates LP on Wednesday took its $529 million cash offer for Epicor Software Corp directly to shareholders, two days after it was snubbed by the business software maker’s board.

Elliott said it, through a unit, is offering $9.50 per share through the tender offer, about 40 percent premium to the stock’s closing price Tuesday, and a 20 percent premium at the time of its October 1 offer to the company.

"We would not be surprised to see shareholders accept Elliott’s offer," analyst Peter Goldmacher of Cowen & Co said by phone, adding that he does not expect a rival bid to surface.

Epicor shares shot up as much as 14 percent in morning trade but pared some of their gains and were trading up 29 cents at $7.09 in midday trade on Nasdaq.

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