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Compuware Sets Spinoff Of Covisint Subsidiary

DETROIT — The Detroit software and IT services firm Covisint Corp. (Nasdaq: CPWR) has announced the distribution of the remainder of the shares of Covisint (Nasdaq: COVS) to its shareholders. 318 more words

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I know, I know…This is a travel and food blog. But I’m just bursting with pride over my hubby’s first book, “What Did Jesus Drive? Crisis PR in Cars, Computers, and Christianity”. 21 more words

Books

Richmond's Jaynes wins Bellator debut

PLYMOUTH – Richmond graduate Justin Jaynes won the biggest fight of his career on Friday night about an hour drive away from his hometown.

Jaynes, a 2007 Richmond graduate, defeated Ruben Baraiac with a first-round stoppage during Bellator 124 at Compuware Arena in Plymouth. 245 more words

News

Compuware CEO: Growth Ahead Despite Buyout

DETROIT — As Compuware Corp. goes private in a buyout by a Chicago private equity firm, its CEO says you can expect some layoffs in the “resources that we have in being a public company” — financial reporting, regulatory reporting, investor relations, public relations. 708 more words

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Mainframe veteran Compuware goes private for $2.5 billion

Compuware, a mainstay in the IT world of mainframes, has agreed to go private by way of a $2.5 billion buyout offer.

The purchase, by private-equity firm Thoma Bravo, prices the company’s shares at $10.92 each, slightly less than the $11/share previously offered by hedge fund Elliott Management. 194 more words

Business

Manufacturing data push Pitchford stock indexes higher for second day

Pitchford Composite notches 30th all-time high of the year; International 200 approaching 11000

The Pitchford stock indexes kicks off September with modest gains on Tuesday after the Institute for Supply Management released its manufacturing data. 236 more words

PSI Results

Compuware Sold To Private Equity Firm

DETROIT — The software and technology services company Compuware Corp. is being bought out by a private equity firm.

Michigan’s largest tech company announced Tuesday morning a $10.92-a-share buyout by Chicago-based Thoma Bravo LLC. 555 more words

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