Key Developments: Compuware Corp (CPWR.O)
11.30USD
24 May 2013
$-0.03 (-0.26%)
$11.33
$11.25
$11.36
$11.22
1,411,063
1,170,927
$12.74
$7.97
Latest Key Developments (Source: Significant Developments)
Compuware Corp Issues FY 2014 Guidance; EPS Guidance Below Analysts' Estimates
Compuware Corp announced that for fiscal 2014, it expects total revenues of approximately $1.0 billion and GAAP earnings per share of $0.35 to $0.37 cents. According to I/B/E/S estimates, analysts were expecting the Company to report EPS of $0.42 on revenue of $1.0 billion for fiscal 2013. Full Article
Compuware Corp Declares Quarterly Dividend
Compuware Corp announced that it has declared its first quarterly cash dividend of $0.125 per common share, to be paid June 19, 2013, to shareholders of record at the close of business on June 5, 2013. Full Article
Compuware Corp Revises FY 2013 EPS Guidance To A Range In Line With Analysts' Estimates-Conference Call
Compuware Corp announced that it continued expectation to achieve $0.36 EPS for fiscal 2013, excluding charges related to the Elliott proposal. According to I/B/E/S estimates, analysts were expecting the Company to report EPS of $0.36 for fiscal 2013. Full Article
The Law Firm of Levi & Korsinsky, LLP Announces Investigation Into Possible Breaches Of Fiduciary Duty By Board Of Compuware Corp. In Connection With Proposed Going Private Transaction
Levi & Korsinsky announced that it is investigating the Board of Directors of Compuware Corp. (Compuware or the Company) for possible breaches of fiduciary duty and other violations of state law in connection with a going private proposal from Elliott Management Corp. (Elliott). Under the terms of the proposed transaction, Elliott would acquire the outstanding shares of Compuware it does not own for a value of $11 per share; Elliott owns approximately 8% of Compuware`s outstanding shares. The transaction has a total approximate value of $2.3 billion. The investigation concerns, among other things, whether the proposed consideration to be paid to Compuware shareholders is unfair, inadequate, and substantially below the fair or inherent value of Compuware. In particular, at least Full Article
Law Firm Kirby McInerney LLP Announces Investigation Of Compuware Corp
Law Firm Kirby McInerney LLP announced that it is investigating potential claims against the Board of Directors of Compuware Corp. (Compuware) related to the proposed acquisition of the Company by Elliot Management Corp (Elliott) and its affiliates. Under the terms of the proposal, Elliott will acquire all of the outstanding common stock of Compuware for $11.00 per share in cash, for a total enterprise value of approximately $2.3 billion. The investigation concerns whether the Compuware Board of Directors are violating their fiduciary duties in connection with this proposal and whether the proposed $11.00 per share consideration adequately values Compuware common shares. The offer price represents a mere 25% premium to the price of shares on November 25, 2012, the day before the transaction was announced. Elliott already owns 8% of the Company's stock. Full Article
Levi & Korsinsky, LLP Announces Investigation Of Compuware Corp
Levi & Korsinsky announced that it is investigating the Board of Directors of Compuware Corp for possible breaches of fiduciary duty and other violations of state law in connection with a going private proposal from Elliott Management Corp. ("Elliott"). Under the terms of the proposed transaction, Elliott would acquire the outstanding shares of Compuware it does not currently own for a value of $11 per share; Elliott currently owns approximately 8% of Compuware's outstanding shares. The transaction has a total approximate value of $2.3 billion. The investigation concerns, among other things, whether the proposed consideration to be paid to Compuware shareholders is unfair, inadequate, and substantially below the fair or inherent value of Compuware. In particular, at least one analyst set a price target for Compuware stock at $12.00 per share. Full Article
Levi & Korsinsky, LLP Announces Investigation Of Compuware Corp
Levi & Korsinsky, LLP announced that it is investigating the Board of Directors of Compuware Corp. for possible breaches of fiduciary duty and other violations of state law in connection with a going private proposal from Elliott Management Corp. ("Elliott") under which Elliott would acquire the outstanding shares of Compuware it does not currently own for a value of $11 per share. At least one analyst set a price target for Compuware stock at $12.00 per share. Full Article
Harwood Feffer LLP Announces Investigation Of Compuware Corp
Harwood Feffer LLP announced that it is investigating potential claims against the board of directors of Compuware Corp. ("Compuware" or the "Company") concerning the proposed acquisition the Company by Elliott Management Corp. ("Elliott") in a transaction valued at approximately $2.3 billion. On December 17, 2012 , Compuware announced that it had entered into a definitive agreement pursuant to which the Company will be acquired by Elliott. Under the terms of the agreement, Compuware shareholders will receive $11.00 in cash for each Compuware share owned. The investigation concerns whether the Compuware board of directors is fulfilling its fiduciary duties, maximizing the value of the Company, disclosing all material benefits and costs, and obtaining full and fair consideration for Company shareholders. Full Article
Holzer Holzer & Fistel, LLC Announces Investigation Into Proposed Buyout Of Compuware Corp
Holzer Holzer & Fistel, LLC announced that it is investigating whether the directors of Compuware Corp. (CPWR) complied with their fiduciary duties in approving the proposed going-private transaction whereby the Company is being bought out by Elliott Management Corp. According to the deal`s announcement, if the transaction closes Compuware shareholders will receive $11 per share of CPWR owned. The firm's investigation seeks to determine, among other things, whether the consideration to be paid to Compuware shareholders is fair and adequate. Full Article
Rigrodsky & Long, P.A. Announces Investigation Of Compuware Corp Proposed Buyout
Rigrodsky & Long, P.A. announced that it is investigating potential legal claims against the board of directors of Compuware Corp regarding possible breaches of fiduciary duties and other violations of law related to the Company`s receipt of a proposal to be acquired by Elliott Management Corp. (Elliott), in a transaction valued at approximately $2.3 billion. Under the terms of the proposal, public shareholders of Compuware will receive $11.00 per share in cash for each share of Compuware they own. The investigation concerns the Company`s board of directors` process for consideration of the proposed transaction, whether Compuware is acting in its shareholders` best interests and whether the proposed consideration to be paid to Compuware`s shareholders would be fair and adequate. According to Yahoo! Finance, at least one analyst has set a price target for Compuware stock at $12.00. Full Article
BRIEF-Compuware shares down in extended trade following results
NEW YORK, April 3 - Compuware Corp : * Shares resume trading; down 7.6 percent in extended trade following results
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