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Compuware switches to private ownership |
September 02, 2014
Freeing itself from the fetters of public-investor expectations, IT infrastructure company Compuware is becoming privately held, with equity investment firm Thoma Bravo purchasing the company outright for approximately US$2.5 billion.“Compuware is now best suited to focus on its core mainframe and [application performance management] businesses as a private-equity backed company, “ said Bob Paul, Compuware CEO, in a statement, adding that the move will give the company more flexibility to manage its business with a long term vision.Current shareholders of Compuware will get an aggregate value of approximately $10.92 per share, a 17 percent bump from the company’s stock price at the close of trading on Friday.To read this article in full or to leave a comment, please click here
Link: http://www.pcworld.com/article/2601120/compuware-switches-to-private-ownership.html#tk.rss_all
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