Elliott, Compuware Extend Standstill Agreement

Jul 16 2013 | 9:38am ET

Elliott Management and the Michigan tech company Compuware have extended their standstill agreement to September 15.

According to a filing with the U.S. Securities and Exchange Commission, Elliott and its subsidiaries said the agreement was to have expired Monday, but the parties agreed Friday to extend it another two months.

Elliott has proposed an $11-a-share buyout of Compuware, which the company rejected in January as too low. The two parties have been in on-and-off negotiations ever since.

Elliott and its affiliates own 8.7%  (18.67 million shares) of Compuware.


In Depth

Exotic Assets: Investing In Rare Violins

Jan 17 2017 | 4:43pm ET

By definition, alternative investments include exotic assets far beyond your typical...

Lifestyle

'Tis the Season: Wall Street Holiday Parties Back In Fashion

Dec 22 2016 | 9:23pm ET

Spending on Wall Street holiday parties has largely returned to pre-2008 levels...

Guest Contributor

DarcMatter: The Top Trends in Alternative Investments for 2017

Jan 13 2017 | 8:22pm ET

The $7 trillion alternative investments industry is poised for continued growth...

 

From the current issue of

The U.S. Commodity Futures Trading Commission (CFTC) ordered The Goldman Sachs Group Inc., and Goldman, Sachs & Co. to pay a $120 million penalty for attempted manipulation and false reporting of ISDAFIX Benchmark Rates, a global benchmark for interest rate products.