New York hedge fund offers to buy Compuware for $2.3 billion, wants to take company private so it can be ‘fixed’

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.

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