Elliott Management offers to buy Compuware for $2.3 bln

Mon Dec 17, 2012 10:26am EST

Dec 17 (Reuters) - Activist investment firm Elliott Management Corp said it offered to buy business software maker Compuware Corp for $2.3 billion.

The $11 per share offer is at a 15.4 percent premium to Compuware's Friday close on the Nasdaq.

Elliott Management and its affiliates hold about 8 percent of Compuware.