Compuware Sold for $2.4 Billion

DETROIT (Detroit Free Press/TNS) —

Shareholders of Compuware voted to approve the company’s purchase by a private-equity firm in California.

More than 99 percent of Compuware shareholders voted for the $2.4 billion deal during a special meeting Monday, according to a news release. The acquisition of the company by San Francisco-based Thoma Bravo is expected to happen before the end of the month.

Compuware shareholders are in line to receive an aggregate value of $10.75 per share.

A business-software and computer-services company, Compuware had 3,000 employees worldwide this fall.

Compuware has disclosed plans to split off its declining mainframe computer business from its faster-growing application performance management business, known as Dynatrace, leaving the Compuware name with the mainframe unit once the acquisition deal closes.

Top Compuware executives could get nearly $24 million if the new owner tries to fire them without cause.

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