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.
The Microsoft software implementation, application development and IT consulting company First Tech Direct is now a branch office of Columbus, a publicly held company based in Denmark that has been in the IT business for 24 years.
Ostial Solutions LLC, a privately held medical device company, Thurstoday announced that it has sold “substantially all” of its assets to Merit Medical Systems, Inc. (NASDAQ: MMSI). Terms of the transaction were not disclosed.
Detroit-based Caraco Pharmaceutical Laboratories Inc. will shortly cease operation as a publicly traded company.
Detroit-based Caraco Pharmaceutical Laboratories Ltd. (NYSE Amex: CPD) said Tuesday that it had entered into a merger agreement Monday with Sun Pharmaceutical Industires Ltd., an Indian pharma firm that already owns 75.8 percent of Caraco’s stock.
Ann Arbor-based Adaptive Materials Inc., a pioneer in designing and building working fuel cells, has been acquired by UK-based Ultra Electronics Holdings plc. The new owners say AMI’s Ann Arbor employment will continue to grow.
Troy-based Fisher/Unitech, a provider of product lifecycle management products and services, Monday announced it had acquired Mentor, Ohio-based CADVenture, a SolidWorks computer aided design reseller serving Ohio, western Pennsylvania and western New York.
A day after receiving a buyout offer from its Indian parent company for the minority of its shares still on the public markets, the Detroit generic drugmaker appoints a group to study the offer