Market Overview

UPDATE: Elliott Offers to Buy Compuware in $2.3B Deal, $11/Share in Cash

Share:
Related CPWR
Compuware's Topaz Software Helps IT Pros Connect Mobile And Mainframe
Compuware's Chris O'Malley On The Company's New 'Startup Mentality'

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.

Posted-In: News M&A

 

Related Articles (CPWR)

Around the Web, We're Loving...

Get Benzinga's Newsletters

Our Experts vs. S&P 500Powered by Benzinga
Marketfy Products Return S&P 500
Morning Profit Maker 42.72% 6.69%
The Option Prophet 91.14% 6.69%
SecretCaps 26.55% 6.69%
Short-Term Trend Trading 11.89% 6.69%
View the highest rated products→