Hedge Fund News From HedgeCo.Net

Hedge fund to take look at books of Compuware

Detroit Free Press – The New York hedge fund that unsuccessfully bid to take over Compuware has agreed to not rebid for the Detroit-based business software company until at least May 15 while it scrutinizes the firm’s financials.

Elliott Management, known as an activist investor in underperforming tech companies, agreed to the “standstill” pact as part of a newly finalized nondisclosure agreement with Compuware.

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