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  "documentTitle": "Epiq Systems, Inc. (EPIQ)",
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  "authorName": "Marcato",
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  "presentationDate": "2016-04-06 00:00:00",
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  "notes": "The slide uses a stock price chart to argue that the Board's rejection of a $20 offer was flawed because the market has not valued the company at that level since.",
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      "text": "Epiq now trades ~28% below the initial P2 proposal, and is nearly unchanged from the unaffected stock price prior to Villere's initial 13D filing",
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      "text": "We understand the Epiq Board may have rejected P2's initial offer prior to retaining a financial advisor\nEpiq now trades ~28% below the initial P2 proposal, and is nearly unchanged from the unaffected stock price prior to Villere's initial 13D filing(2)",
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      "text": "Despite the Board rejecting P2 Capital's $20 proposal as \"inadequate from a financial point of view\"(1), Epiq's share price over the past year has persistently languished below the initial $20 offer",
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      "text": "(1) EPIQ 9/22/14 8-K (2) As of April 6, 2016",
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