Shareholders of Bonal International Inc. in a special meeting Tuesday rejected a buyout offer that was below the company’s current market price.
Compuware Corp. Friday rejected an $11-a-share buyout offer from a New York hedge fund, Elliott Management Corp. Compuware officials said the offer “significantly undervalues the company and is not in the best interest of shareholders.”
Compuware Corp. said Monday that it had received an $11-a-share buyout proposal from a New York City-based hedge fund firm, Elliott Management Corp.
Detroit-based Caraco Pharmaceutical Laboratories Ltd. (NYSE Amex: CPD) has received an offer to go private from its parent company and India.
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