Compuware (CPWR) Resumes Trading up 10%, But Below $11/Share Offer
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December 17, 2012 12:50 PM EST
Compuware Corporation (Nasdaq: CPWR) confirmed that its Board of Directors has received an unsolicited, conditional, [non-binding] proposal from Elliott Management Corporation to acquire all of the outstanding shares of Compuware for $11.00 per share. The Board said it will review all aspects of the proposal... More
December 17, 2012 10:12 AM EST
Elliott Management Corp, affiliates of which own or have an interest economically equivalent to 8.0% of the common stock of Compuware Corporation (NASDAQ: CPWR), today sent the following letter to the company's Board of Directors offering to acquire the company for $11.00 per share in cash, or an aggregate of $2.3 billion. Elliott is a multi-strategy investment firm with deep experience investing in public and private companies and an extensive track record of successfully structuring and executing transactions in the technology space.
December 17, 2012
The Board of DirectorsCompuware CorporationOne Campus MartiusDetroit, Michigan... More
