According to people familiar with the situation reported on Tuesday that Compuware Corporation (NASDAQ:CPWR) has involved buyout interest from private-equity funds comprising Apax Partners LLP and Hellman & Friedman LLC.
The people said, who refused to be identified for the reason that the talks are private, that the Detroit-based software firm, which discarded a $2.3B acquisition proposal from Elliott Management Corp. in January, as well gave management appearances previous week to other possible bidders, including Thoma Bravo LLC and Golden Gate Capital Corp. The initial session of bids is pending in two weeks, the people added.
A spokesman for Compuware, Eric Kushner refused to comment. Correspondents from Apax Partners, Hellman & Friedman, Thoma Bravo and Golden Gate Capital also refused to comment on the matter.
Compuware surged more than 7.3% in afterhours trading. The shares plunged lower than 1% to $11.65 at yesterday’s close, send-off them increased 28% from a year before.
Let’s have a short overview of the financial highlights of the stock, Shares of Compuware dropped -0.17% to settle at $11.65 on March 5, 2013.
CPWR has 4564 employees. Sales of CPWR were 970.67 million with net income of 73.52 million.
CPWR stock surged during the trade to the maximum level at $11.68 and at the lowest level of $11.51 after opening price of $11.66. CPWR has earning per share of $0.33 while it has 212.21 million shares outstanding with institutional ownership of 86%.
The price to sales ratio of CPWR in past twelve months was calculated as 2.55 and price to cash ratio remained 38.10. While retunes ratios are concerned, the CPWR return on equity ratio is recorded as 7.10% and increased 4.86% return on investment while its return on asset remain 3.46%.