Saturday, Dec 03, 2016
One of America's Great Newspapers ~ Toledo, Ohio

Technology

BUSINESS BRIEF

Detroit software maker
sold to firm for $2.5B

DETROIT — Private equity firm Thoma Bravo will spend about $2.5 billion to buy Compuware Corp. and take the software developer private.

The companies said Tuesday that Compuware stock owners will receive about $10.92 for each share they own. That price includes mostly cash and some stock from Compuware spinoff Covisint.

It represents a premium of about 17 percent to the Detroit company’s Friday closing price.

Compuware said its board unanimously approved the deal and recommends shareholders vote for it as well.

Click to comment

Quis autem vel eum iure reprehenderit qui in ea voluptate velit esse quam nihil molestiae consequatur, vel illum qui dolorem?

Temporibus autem quibusdam et aut officiis debitis aut rerum necessitatibus saepe eveniet.

Copyright © 2015 Toledo Blade

To Top

Fetching stories…