Kirby McInerney LLP is investigating potential claims against the Board of Directors of Compuware Corp. (“Compuware” or the “Company”) (NASDAQ: CPWR) 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.
If you are a Compuware shareholder and wish to obtain additional information, please contact J. Brandon Walker, Esq. by email at firstname.lastname@example.org, by telephone at (212) 699-1145 or (888) 529-4787, or fill out a contact form.
Kirby McInerney LLP is a New York-based law firm concentrating in securities, shareholder, whistleblower, antitrust and consumer litigation. For additional information, please go to