Elliott Management Eyes Compuware

Hedge Fund Elliott is Turning Attention to Compuware

Elliott Management Corp., the hedge-fund firm, is turning attention to the acquisition and issued a public statement regarding Compuware Corporation.
“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, implementing 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.”
Source: Rock Hill Herald

Related to: Hedge Fund Update

Tags: Hedge Fund of Funds Business, Hedge Fund, Hedge Funds, Fund of Hedge Funds, Hedge Fund of Funds, Hedge Fund industry, Hedge Fund Group, Hedge Fund Market, Hedge Fund Investments, Hedge Fund Advisory Firm, Hedge Fund Returns, Elliott Management Corp., Compuware, Compuware Corporation, Jesse Cohn, Covisint IPO, Bob Paul, Thoma Bravo.

Hedge Fund Videos | 30+ Free Videos on Hedge Funds