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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.
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