Elliott Management Snaps Up 8.7% Of Compuware

According to a 13-D filed on July 12th, Elliott International Capital Advisors Inc. and associated groups own 8.7% of the outstanding shares in Compuware Corporation (NASDAQ:CPWR). Elliott has been attempting to purchase Compuware for a long time. The legal mazes the two parties have grown around themselves have made the agreement difficult to follow, and even more difficult to comprehend.

According to the filing, Elliott Associates, L.P. owns 3.1% of Compuware Corporation. Along with Elliott International and Elliott International Capital Advisors, the group holds 8.7% of Compuware common stock. It’s still not clear what the fund intends...