Northland Securities Downgrades Compuware (CPWR) to Market Perform

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Go back to Northland Securities Downgrades Compuware (CPWR) to Market Perform

Compuware (CPWR) Gets $11/Share Bid from Elliott Management

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