Compuware Corporation Acknowledges Receipt of Unsolicited Proposal From
Elliott Management Corporation
DETROIT, Dec. 17, 2012 (GLOBE NEWSWIRE) -- Compuware Corporation (Nasdaq:CPWR)
confirmed today that its Board of Directors has received an unsolicited,
conditional, [non-binding] proposal from Elliott Management Corporation to
acquire all of the outstanding shares of Compuware for $11.00 per share.The
Board said it will review all aspects of the proposal in consultation with its
financial and legal advisors in due course. The Board emphasized that
shareholders need not take any action at this time.
Compuware Corporation, the technology performance company, makes technology
make a difference by providing software, experts and best practices to ensure
technology works well and delivers value. Compuware solutions make the world's
most important technologies perform at their best for leading organizations
worldwide, including 46 of the top 50 Fortune 500 companies and 12 of the top
20 most visited U.S. web sites. Visit us at http://www.compuware.com.
The Compuware logo is available at
CONTACT: Press Contact
Lisa Elkin, email@example.com 313-227-7345
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