The Law Firm of Levi & Korsinsky, LLP Announces Investigation into Possible Breaches of Fiduciary Duty by the Board of Compuware Corp. in Connection with a Proposed Going Private Transaction
NEW YORK--(BUSINESS WIRE)-- Levi & Korsinsky is investigating the Board of Directors of Compuware Corp. ("Compuware" or the "Company") (NasdaqGS: CPWR) for possible breaches of fiduciary duty and other violations of state law in connection with a going private proposal from Elliott Management Corp. ("Elliott").
Click here to learn how to join the action: http://zlk.9nl.com/compuware-cpwr/, or call: 877-363-5972. There is no cost or obligation to you.
Under the terms of the proposed transaction, Elliott would acquire the outstanding shares of Compuware it does not currently own for a value of $11 per share; Elliott currently owns approximately 8% of Compuware's outstanding shares. The transaction has a total approximate value of $2.3 billion. The investigation concerns, among other things, whether the proposed consideration to be paid to Compuware shareholders is unfair, inadequate, and substantially below the fair or inherent value of Compuware. In particular, at least one analyst set a price target for Compuware stock at $12.00 per share.
If you own common stock in Compuware and wish to obtain additional information, please contact Joseph E. Levi, Esq. either via email at firstname.lastname@example.org or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or http://zlk.9nl.com/compuware-cpwr/.
Levi & Korsinsky is a national firm with offices in New York and Washington D.C. The firm has extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities and shareholder lawsuits. The attorneys at Levi & Korsinsky have been appointed by numerous courts throughout the country to serve as lead counsel on behalf of shareholders in major securities lawsuits and have successfully recovered multimillion-dollar damages awards on behalf of investors. For more information, please feel free to contact any of the attorneys listed below. Attorney advertising. Prior results do not guarantee similar outcomes.
Levi & Korsinsky, LLP
Joseph Levi, Esq.
Eduard Korsinsky, Esq.
Toll Free: 877-363-5972
KEYWORDS: United States North America New York
The article The Law Firm of Levi & Korsinsky, LLP Announces Investigation into Possible Breaches of Fiduciary Duty by the Board of Compuware Corp. in Connection with a Proposed Going Private Transaction originally appeared on Fool.com.