Monday, December 17, 2012

Reuters: Technology News: Elliott Management offers to buy Compuware for $2.3 billion

Reuters: Technology News
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Elliott Management offers to buy Compuware for $2.3 billion
Dec 17th 2012, 15:29

Mon Dec 17, 2012 10:29am EST

(Reuters) - Activist investment firm Elliott Management Corp said it offered to buy business software maker Compuware Corp for $2.3 billion.

The $11 per share offer is at a 15.4 percent premium to Compuware's Friday close on the Nasdaq.

Elliott Management and its affiliates hold about 8 percent of Compuware.

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