EPIQ Systems Reportedly Received Initial Look From Private Equity Firm

EPIQ Systems, Inc. (NASDAQ: EPIQ) has received an initial look from a private equity firm, according to dealReporter.

EPIQ Systems stated on September 18 that is its exploring strategic and financial alternatives. The company then rejected a $20 per share bid by P2 Capital, a 16.9 percent shareholder who wanted to take the firm private. The company said that the P2 bid does not unlock long-term value.

EPIQ has also adopted a poison pill following activist investor St. Denis J. Villere & Co showing a 16.22 percent stake in September.

EPIQ has previously retained bankers at Credit Suisse to advise the company on its potential options.