"With significantly less than 1% of EPL's outstanding shares tendered, our stockholders have sent a clear message that they agree with our Board's belief that the ATS offer is inadequate. We will continue to act in the best interests of our stockholders and appreciate the strong level of confidence that they have expressed in our strategy and our management team."
As previously announced on September 14, 2006, the EPL Board of Directors rejected as inadequate ATS' unsolicited offer and recommended that EPL stockholders not tender their shares into the offer.
The Company also noted that it would review ATS' request that EPL's Board set a record date for a consent solicitation and will respond in due course.
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