|By PR Newswire||
|September 2, 2014 10:45 PM EDT||
BALA CYNWYD, Pa., Sept. 2, 2014 /PRNewswire/ -- Law office of Brodsky & Smith, LLC announces that it is investigating potential claims against the Board of Directors of Compuware Corporation ("Compuware" or the "Company") (Nasdaq –CPWR -News) relating to the proposed acquisition by Thoma Bravo, LLC ("Thoma Bravo").
Click here to learn more about the investigation http://brodsky-smith.com/812-cpwr-compuware-corporation.html, or call: 877-534-2590. There is no cost or obligation to you.
Under the terms of the transaction, Compuware shareholders will receive only $10.43 in cash for each share of Compuware stock they own, less the pro rata portion of the applicable corporate tax that will be owed in connection with the spin-off of Covisint, currently estimated at $0.18 per share based on the current market price of Covisint, for a net cash payment of only approximately $10.25 per share.
The investigation concerns possible breaches of fiduciary duty and other violations of state law by the Board of Directors of Compuware for not acting in the Company's shareholders' best interests in connection with the sale process. The transaction may undervalue Compuware and represents a loss for many long-term Compuware shareholders. In addition, Compuware traded at $11.34 as recently as December 27, 2013 and an analyst has set a $11.60 per share price target for Compuware stock. Further, it has been reported that Compuware in December of 2012 rejected an offer that was greater than the amount being paid by Thoma Bravo.
If you own shares of Compuware common stock and wish to discuss the legal ramifications of the investigation, or have any questions, you may e-mail or call the law office of Brodsky & Smith, LLC who will, without obligation or cost to you, attempt to answer your questions. You may contact Jason L. Brodsky, Esquire or Evan J. Smith, Esquire at Brodsky & Smith, LLC, Two Bala Plaza, Suite 602, Bala Cynwyd, PA 19004, by e-mail at [email protected], by visiting http://brodsky-smith.com/812-cpwr-compuware-corporation.html, or calling toll free 877-LEGAL-90.
Brodsky & Smith, LLC is a litigation law firm with extensive expertise representing shareholders throughout the nation in securities and case action lawsuits. The attorneys at Brodsky & Smith have been appointed by numerous courts throughout the country to serve as lead counsel in class actions and successfully recovered millions of dollars for our clients and shareholders. Attorney advertising. Prior results do not guarantee a similar outcome.
SOURCE Brodsky & Smith, LLC
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