Press Release
MSC.Software Receives Letter from ValueAct Capital
SANTA ANA, Calif., - October 4, 2004 - MSC.Software Corp. (NYSE:MNS) today announced that it has received a letter from ValueAct Capital Partners, L.P. in which ValueAct stated its interest in sponsoring a going private transaction that would provide $9.00 per share in cash to all of the company's shareholders. That letter was filed as an exhibit to an amendment to Schedule 13D filed by ValueAct today. The company is reviewing the letter from ValueAct and has no additional comment at this time.
About MSC.Software Corporation
MSC.Software (NYSE: MNS) is the leading global provider of simulation software and services, that helps companies make money, save time and reduce costs associated with designing and testing manufactured products. MSC.Software works with thousands of companies in hundreds of industries to develop better products faster by utilizing information technology, software, services and systems. MSC.Software employs more than 1300 people in 23 countries. For additional information about MSC.Software's products and services, please visit www.mscsoftware.com.
| Contact: Joanne Keates Vice President, Investor Relations MSC.Software 714.444.8551 joanne.keates@mscsoftware.com |
Contact: Catherine Meek Media Relations MSC.Software 714.445.5647 catherine.meek@mscsoftware.com |
