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Compuware sold to Thoma Bravo for $2.5B

Technology services company Compuware said Tuesday it would sell itself to private equity firm Thoma Bravo in a deal valued at $2.5 billion.

Compuware shareholders will receive a total of $10.92 per share, the sides said. The stock rose 13 percent to $10.56 in morning trading.

Hedge fund Elliott Management entered into a deal to vote its Compuware shares in favor of the sale. Elliott had for years pushed the company to sell itself.

By CNBC

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