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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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October 23, 2014
16:35 EDTCPWRCompuware reports Q2 EPS 9c, consensus 7c
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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.

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