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Thoma Bravo to take Compuware private in $2.5 billion deal

03
Sep
2014

Software maker Compuware Corp, under pressure from investors for more than a year over its poor performance, agreed to be taken private by investment firm Thoma Bravo LLC in a deal valued at about $2.5 billion. Compuware’s shareholders will receive $10.92 per share, comprising $10.25 in cash and 67 cents in shares of Covisint Corp, in which the company owns an 83 percent stake. The offer represents a 17 percent premium to Compuware’s closing on Aug. 29. Shares of Compuware rose as much as 12.8 percent to $10.55.

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