Compuware (CPWR) Resumes Trading up 10%, But Below $11/Share Offer
Tweet
Share
E-mailGet Alerts CPWR Hot Sheet
Join SI Premium – FREE
Compuware Corporation (NASDAQ: CPWR) has resumed trading up 10.3% at $10.51 per share following news of an $11 per share bid from shareholder and hedge fund Elliott Management.
Compuware has not yet commented on the offer.
With the offer coming from an activist hedge fund, investor may not be putting too much credence in it. However, the offer could move management to review alternatives and start a sales process which could led to an eventual sale at a higher price.
Compuware has not yet commented on the offer.
With the offer coming from an activist hedge fund, investor may not be putting too much credence in it. However, the offer could move management to review alternatives and start a sales process which could led to an eventual sale at a higher price.
Create E-mail Alert Related Categories
Rumors, Trader Talk, Trading HaltsRelated Entities
Hedge FundsSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
