Compuware Corp. (Nasdaq:CPWR) plans to sell up to $100 million worth of stock in its Covisint subsidiary.
An institutional shareholder of Compuware Corp. (Nasdaq: CPWR) sharply criticized management for the Detroit company’s most recent earnings disappointment, and urged the immediate auction of the company.
Compuware Corp. will cut about 160 employees, or 5 percent of its work force, as part of a restructuring plan announced Jan. 25 to cut $60 million in expenses over the next three years.
Reuters news service is reporting that Compuware Corp. has held talks with buyout firms in hopes of getting a better offer than the $11-a-share, $2.3 billion bid for the company made in December by a New York investment firm, Elliott Management.
Perrigo Co., the Allegan-based over-the-counter health and beauty products and generic pharmaceutical maker, Monday announced a deal to acquire Leeds, England-based Rosemont Pharmaceuticals Ltd. for $283 million in cash.
The board of a small publicly held company in Royal Oak that markets an alternative to heat treating metals to strengthen them has accepted a buyout offer of 86 cents a share. Bonal International Inc. announced the deal with DePierre Management & Manufacturing LLC Friday afternoon.
Compuware Corp. Friday rejected an $11-a-share buyout offer from a New York hedge fund, Elliott Management Corp.
Sandell Asset Management, an investor in Detroit-based Compuware Corp., has sent a letter to Compuware CEO Robert C. Paul criticizing the company’s lack of action on an $11-a-share buyout offer from the New York City hedge firm Elliott Management Corp.
Rochester-based Hennessey Capital LLC said Monday that its assets have been purchased by Norwalk, Conn.-based Hitachi Capital America Corp.
The online promotion and contest pioneer ePrize LLC announced Tuesday that it had been acquired by Catterton Partners, a consumer-focused private equity firm based in Greenwich, Conn.
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