Elliott, Compuware Extend Standstill, Keep Proxy Door Open

Law360, New York (May 17, 2013, 5:06 PM EDT) -- Elliott Management Corp., the hedge fund that offered to buy Compuware Corp. for $2.3 billion, was granted two more months to examine the corporation's finances and mull over a board shakeup, after an agreement was extended Thursday temporarily barring the fund from bulking up on the corporation’s stock.

The new end date for a confidentiality agreement between Elliott and Compuware is July 15, prolonging a restriction on Elliott's ability to buy stock and seek changes to Compuware's board, according to documents filed Thursday with the U.S....
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