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Compuware Corporation (CPWR)

- NASDAQ
CPWR is defunct.
  • Oct. 10, 2014, 4:45 PM
    • Ahead of its sale to Thoma Bravo, Compuware (NASDAQ:CPWR) is fully distributing its remaining 31.8M-share equity interest in cloud collaboration platform provider Covisint (NASDAQ:COVS).
    • The shares will be distributed to Compuware shareholders on a prorated basis on Oct. 31. Compuware estimates investors will get 0.14 Covisint shares for each Compuware share they own.
    | Comment!
  • Sep. 2, 2014, 9:53 AM
    • P-E firm Thoma Bravo is buying Compuware (NASDAQ:CPWR) for $2.5B. The firm is paying $10.43/share in cash, and assigns a $0.67/share value to the distribution of Compuware's remaining Covisint (COVS +8.5%) shares. $0.18/share is deducted from the buyout price for tax payments related to the Covisint spinoff.
    • The deal ends a very lengthy sales process that reportedly saw several bids from P-E firms, and resulted in multiple activists getting involved. Elliott Management (9.5% stake) backs Thoma Bravo's bid.
    • Shares remain halted.
    • Earlier: Compuware reportedly in sale talks
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  • Sep. 2, 2014, 9:11 AM
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  • Sep. 2, 2014, 7:37 AM
    • Compuware (NASDAQ:CPWR) +14.4% premarket on a WSJ report that it is in advanced talks to sell itself to a P-E buyer, and could announce a deal as soon as today.
    • CPWR launched a sales process last year after hedge fund Elliott Management tried to buy the company.
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  • Sep. 26, 2013, 12:29 PM
    • After pricing its 6.4M-share IPO at $10, Covisint (COVS) opened at $12.77 and is currently at $12.92, up 29.2%. That's good for a market cap of $470.3M, or 5.2x FY13 (ended March '13) sales.
    • Compuware (CPWR -0.4%), which owns 82% of the cloud engagement/collaboration platform provider post-IPO, is off slightly. Compuware has said it plans to fully distribute its Covisint stake to shareholders within 12 months of the IPO.
    • S-1, IPO preview
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  • Aug. 2, 2013, 4:25 PM
    • Compuware (CPWR +2.4%) spiked higher just before the close after Reuters reported sources have told it the software/IT services firm "has renewed efforts to sell itself."
    • Compuware has reportedly courted CA, the P-E consortium acquiring BMC Software, and other P-E firms who might look to make a joint bid with a software vendor. The company is looking for offers to be made this month.
    • There are no details on CA's interest (or lack thereof) in making a bid.
    • Compuware rejected an $11/share offer in January, and has reportedly seen a fair amount of P-E interest in the past. An April board shakeup might make a deal easier to come by.
    | Comment!
  • May 21, 2013, 4:20 PM
    Compuware (CPWR): Q1 EPS of $0.26 beats by $0.21. Revenue of $239.9M beats by $0.22M. Shares +3.2% AH. (PR)
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  • May 3, 2013, 6:18 PM
    After-hours top gainers, as of 5:30 p.m.: ABFS +16.0%. RNR +3.75%. MSG +3.3%. NCT +3.1%. INCY +3.0%.
    After-hours top losers: STM -9%. GRMN -3.6%. BRCD -2.7%. H -2.6%. CPWR -2.1%.
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  • Apr. 3, 2013, 5:35 PM
    After-hours top gainers, as of 5:15 p.m.: CCG +8%. ANV +5%. AVEO +4%. GFI +3%. VALE +2%.
    After-hours top losers: SFUN -6%. IMUC -3%. CPWR -3%. LSE -3%. ROC -2%.
    | Comment!
  • Apr. 3, 2013, 4:41 PM
    Compuware (CPWR) has resumed trading and is currently changing hands at $11.40, down 5.2% AH. Shares are still up 5% YTD thanks to M&A hopes. (FQ4 warning: I, II)
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  • Apr. 3, 2013, 4:17 PM
    More on Compuware: The FQ4 (March quarter) guidance is below a consensus of $272.8M and $0.15. Compuware blames deal push-outs caused by the failure of many clients/prospects to formalize IT budgets. Shares are halted, and will resume trading at 4:30PM ET. Will the news affect the price P-E suitors are willing to pay for the company? (PR)
    | Comment!
  • Mar. 4, 2013, 6:21 PM
    Shares of Compuware (CPWR) are active in the post-trading session as buyout chatter is revived. The company is reportedly getting interest from several private equity firms, including Thoma Bravo, Apax, Hellman & Friedman, and Golden Gate. Last month the stock spiked on chatter that the company was in early talks with P-E firms Blackstone and TPG, among others, after shooting down an $11/share offer made by Elliott Associates in January. Shares +4.7% AH.
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  • Mar. 4, 2013, 5:39 PM
    After-hours top gainers, as of 5:15 p.m.: ASNA +13%. SNTS +8%. CPWR +4%. NDZ +3%. MTG +3%.
    After-hours top losers: IPXL -20%. JCP -6%. GMXR -6%. TVL -3%. NSU -3%.
    | Comment!
  • Dec. 17, 2012, 12:45 PM
    Midday top 10 gainers: GNVC +37%. CBOU +30%. HRT +16%. CEDC +15%. OCZ +13%. CPWR +13%. ONCY +13%. JVA +12%. VELT +12%. HTCH +12%.
    Midday top 10 Losers: SCL -48%. GYRO -31%. END -20%. OPXA -13%. CLWR -12%. XUE -12%. SSE -11%. ALIM -11%. RVM -11%. NBG -9%.
    | 1 Comment
  • Dec. 17, 2012, 10:28 AM
    Activist investor Elliott Management has offered to buy Compuware (CPWR +12.5%) for $11/share in cash, or $2.3B. Shares have soared to $10.76. Elliott recently raised its stake in Compuware to 5.7%.
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  • Oct. 24, 2012, 12:45 PM
    Midday top 10 gainers: SEH +61%. KIPS +25%. CHC +21%. FB +21%. LL +15%. PLCM +14%. ASPS +11%. DHX +12%. MNST +13%. CYCC +12%. Top 10 Losers: TPX -22%. IRBT -19%. CPWR -16%. UIS -15%. NFLX -14%. DSCO -14%. UTHR -13%. BWLD -12%. NSM -12%. NFX -12%.
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Company Description
Compuware Corp delivers services and software that enable its customers' important technologies to perform at their peak.
Sector: Technology
Country: United States