Market Overview

Compuware Announces Receipt of Unsolicited Bid from Elliott, to Review Offer

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'

Compuware Corporation (Nasdaq: CPWR) confirmed today 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 in consultation with its financial and legal advisors in due course. The Board emphasized that shareholders need not take any action at this time.

Posted-In: News M&A

 

Related Articles (CPWR)

View Comments and Join the Discussion!

Get Benzinga's Newsletters