New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
November 26, 2012
16:37 EDTCPWRElliot Associates reports 5.7% stake in Compuware
News For CPWR From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
December 8, 2014
16:18 EDTCPWRCompuware shareholders approve acquisition by Thoma Bravo
Compuware announced that at the special meeting of Compuware shareholders held earlier, shareholders voted to approve the proposed definitive merger agreement with Thoma Bravo. The transaction follows a thorough review by the Compuware Board of Directors of strategic options for Compuware. More than 99% of the shares voting at the special meeting voted in favor of the adoption of the merger agreement. The CEO of Compuware, Bob Paul, stated, “The acquisition by Thoma Bravo provides a great value proposition for Compuware’s shareholders and we are very pleased with the level of support this transaction has received from our shareholders.” Upon completion of the merger, valued at approximately $2.4B, Compuware shareholders will have received an aggregate value of $10.75 per share for each share of Compuware common stock they own as of the effective time of the merger, which includes a net cash payment of $10.389188 per share of common stock as well as the per-share value of the Covisint shares distributed to holders of Compuware equity as of October 20, the record date for the Covisint spin-off. The companies currently expect the merger to be completed later this month, following the satisfaction or waiver of all conditions to the merger.

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use