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Stock Market & Financial Investment News

News Breaks
December 17, 2012
10:15 EDTCPWRElliott Management offers to acquire Compuware for $2.3B, or $11/share
Elliott Management Corp, affiliates of which own or have an interest economically equivalent to 8.0% of the common stock of Compuware Corporation (CPWR), announced that they sent a letter to the company's Board of Directors offering to acquire the company for $11.00 per share in cash, or an aggregate of $2.3B. 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. Shares of Compuware jumped 8.9% to $10.38 before being halted for volatility following the announcement of the offer letter.
News For CPWR From The Last 14 Days
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October 21, 2014
10:03 EDTCPWRCompuware announces distribution ratios for Covisint spin-off
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October 10, 2014
16:29 EDTCPWRCompuware announces spin-off of Covisint
Covisint Corporation (COVS) reported that its parent, Compuware Corporation (CPWR), announced that its board has approved the distribution of all of its equity interest in Covisint to Compuware shareholders and holders of Compuware restricted stock units. Compuware announced the distribution will be effective on October 31, and announced the approximate distribution ratios, record date and other details of the spin-off. When the distribution is complete, Compuware will no longer own any interest in Covisint.
October 7, 2014
07:22 EDTCPWRCompuware to hold user conference
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