Hints and tips:
...Shares in one, Covisint, which started as an exchange for US carmakers, recently began trading on Nasdaq....
...In the wake of Elliott’s efforts to take control of Compuware, the company’s board announced plans to cut costs, implement a special dividend and float its cloud-computing division, Covisint....
...And the remaining assets of Compuware (Covisint, Gomez) and BMC (Remedy, Bladelogic) remain attractive for strategic buyers, and could ultimately fund the mainframe buyout....
...The spin-off of its Covisint division will continue as planned. The company expects to distribute 80 per cent of shares to Compuware shareholders within 12 months of an initial public offering....
...Compuware has already begun a process to spin off its Covisint subsidiary, with an initial public offering due in three to six months’ time....
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