Compuware Shareholder Blasts Management, Urges Immediate Sale Of Company At AuctionAn 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 To Lay Off 160 Employees, Close Or Downsize 16 OfficesCompuware 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.
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.
Perrigo Buys British Pharma Firm For $283MPerrigo 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.
Bonal International Seeks Buyout Approval From ShareholdersThe 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 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.
Local Finance Firm Hennessey Capital PurchasedRochester-based Hennessey Capital LLC said Monday that its assets have been purchased by Norwalk, Conn.-based Hitachi Capital America Corp.
EPrize Bought Out By Private Equity FirmThe 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.
First Tech Direct Charts Growth Path Under New Owner, ColumbusThe 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.
Kalamazoo Medical Device Firm Sells To Utah CompanyOstial 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.