Compuware Not Eyeing Sale Despite Activist Pressure

Law360, New York (November 15, 2013, 1:18 PM EST) -- Compuware Corp. on Friday reaffirmed to shareholders that an existing strategy for trimming costs and shoring up business is progressing as planned, an apparent attempt to quiet activist investors' calls for the business software company to sell itself or implement sweeping changes.

The investor update came a day after New York hedge fund Starboard Value LP announced it had purchased a Compuware stake of nearly 5 percent and urged company leadership to redirect its efforts to either finding a buyer or adopting a new long-range plan...
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