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.