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Stock Market & Financial Investment News

News Breaks
December 19, 2012
10:11 EDTCPWRCompuware says entered into Rule 10b5-1 plan
In an 8-K filing, Compuware said that on December 14, it entered into an agreement with a broker establishing a trading plan that complies with the requirements of Rule 10b5-1(c)(1) under the Securities Exchange Act of 1934 to repurchase shares of company common stock. Shares of common stock will be repurchased pursuant to the $750M authorization previously approved by the company’s Board of Directors, which had $150,405,586 remaining at December 14. The agreement may be terminated by the company at any time with two days prior written notice. The company may also continue to make discretionary repurchases during its normal trading windows under the Authorization.
News For CPWR From The Last 14 Days
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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.

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