Compuware said it would sell itself to private equity firm Thoma Bravo in a deal valued at $2.5 billion. Compuware shareholders will receive a total of $10.92 per share, the sides said. The stock rose 13 percent to $10.56 in this morning trading. Hedge fund Elliott Management entered into a deal to vote its Compuware shares in favor of the sale. Elliott had for years pushed the company to sell itself.

Read Full Article →