Compuware Points To Progress In Response To Shareholder Sellout DemandCompuware Corp. Friday tried to reassure its shareholders that it's continuing to find ways to boost the company's share price, a day after a Wall Street hedge fund urged Compuware management to sell the company -- or parts of it, including its downtown Detroit headquarters.
Compuware, NY Hedge Fund Extend Standstill AgreementCompuware and a New York investment fund have extended a standstill agreement between them to Sept. 15.
Report: Compuware Shopping For Better Offer; Stock JumpsReuters 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.
Compuware Rejects Buyout Offer, Stock JumpsCompuware 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 Rejects Buyout OfferCompuware Corp. Friday rejected an $11-a-share buyout offer from a New York hedge fund, Elliott Management Corp.
Investor Urges Compuware To 'Engage' With Would-Be BuyerSandell 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.