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Another extension in Compuware’s talks with hedge fund

Freep – Detroit-based Compuware and an activist New York hedge fund apparently will continue their private merger and acquisition talks for several more months.

The business software maker and Elliott Management disclosed today that they agreed late last week to a second extension to Sept. 15 on a standstill agreement which, among other things, prohibits the hedge fund from making buyout offers or revealing nonpublic information about Compuware.

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