Posted on 18 December 2012.
A New York hedge fund has offered to acquire Detroit-based Compuware for $ 2.3 billion. Elliott Management Corp., which currently holds 8% of Compuware’s stock, this morning offered a bid of $ 11-per-share to the software firm’s board of directors in a letter. The bid is a 15% premium over the company’s closing price of $ 9.53 on Friday.
Full News here – freep