Boston, MA 09/03/2014 (wallstreetpr) – According to reports, Compuware Corporation (NASDAQ:CPWR) and Thoma Bravo have entered into a definitive agreement in which the latter one will acquire the former in as much as $2.5 billion. Thoma Bravo is a leading private equity firm which is known for strategic acquisitions in all over the world.
Management’s Call:
Bob Paul, Chief Executive Officer of Compuware Corporation (NASDAQ:CPWR), said during an interview, ” We are a market leader in the areas like mainframe productivity tools and application performance. This transaction will help us to take more initiatives to strengthen our market position.” CPWR has done quite well over the past few months in terms of divested non-core operations, IPO of Covisint, reduced corporate expenses and excellent dividend. After the acquisition, it will be able to pay extensive attention towards its APM and mainframe business and serve all the customers in a far better way than before. The management of CPWR expects the company to have a robust long term goal with the help of Thoma Bravo’s way of working.
Nowadays most of the organizations in all over the world prefer to have mission-critical applications and technology, so that they can reach the maximum number of customers and grow their business. The tech solutions that Compuware Corporation (NASDAQ:CPWR) provide are best suited to such organizations to help grow their business. After the acquisition, CPWR will become a private company which will allow it to leverage strategic products and focus on quality of the services over a long period.
What will shareholders get:
Under the terms of this agreement, each shareholder of Compuware Corporation (NASDAQ:CPWR) will get $10.92 per share. If compared to the last closing price of company’s stock, it represents around 17% premium for the shareholders. As per the T&C of the agreement, Thoma Bravo will pay $10.43 for each outstanding share of CPWR.
