Deals
Compuware to Be Bought by Thoma Bravo for $2.5 Billion
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Compuware Corp. agreed to be acquired by private equity firm Thoma Bravo LLC in a deal valued at $2.5 billion, following pressure from activist investor Elliott Management Corp. to sell itself.
Compuware holders will receive $10.92 a share, including cash and stock from the spinoff of subsidiary Covisint Corp., representing a premium of about 17 percent to the company’s stock price at the close of trading on Aug. 29, the companies said in a statement today.