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TMCNet:  Elliott Announces Support for Acquisition of Compuware

[September 02, 2014]

Elliott Announces Support for Acquisition of Compuware

NEW YORK --(Business Wire)--

Elliott Management Corporation ("Elliott") today entered into a support agreement to vote its shares in favor of the acquisition and issued a public statement regarding Compuware (News - Alert) Corporation (NASDAQ:CPWR).

"Today's announcement reflects the successful conclusion of a multi-year process to create value for Compuware shareholders," said Jesse Cohn, portfolio manager at Elliott Management Corporation, Compuware's largest shareholder. "This has been a significant endeavor -- selling assets, cutting costs, implementig the Covisint IPO, adding experienced executives to the Boardroom and taking numerous other steps to streamline and improve the Company. Credit goes to Bob Paul and his team for their tireless efforts in implementing these steps and also to the Board for its thoughtful and engaged process to reach this outcome. Finally, we congratulate Thoma Bravo for continuing its track record of recognizing significant value opportunities."


About Elliott Management Corporation

Elliott Management Corporation manages two multi-strategy hedge funds which combined have more than $24 billion of assets under management. Its flagship fund, Elliott Associates, L.P., was founded in 1977, making it one of the oldest hedge funds under continuous management. The Elliott funds' investors include pension plans, sovereign wealth funds, endowments, foundations, funds-of-funds, high net worth individuals and families, and employees of the firm.


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