Software maker Compuware Corp, under pressure from investors for more than a year over its poor performance, agreed to be taken private by investment firm Thoma Bravo LLC in a deal valued at about $2.5 billion.Compuware's shareholders will receive $10.92 per share, comprising $10.25 in cash and 67 cents in shares of Covisint, in which the company owns an 83 percent stake.The offer represents a 17 percent premium to Compuware's closing on Aug. 29. Shares of Compuware rose as much as 12.8 percent to $10.55. Covisint's shares, which was spun out by Compuware last September, were down 8 percent.Compuware's software is used by companies such as Cisco Systems Inc, BT group Plc and Domino's Pizza Inc to manage complex applications.
BT Group plc is a communications services companies, serving the needs of customers in the United Kingdom and in more than 170 countries globally. Shares of BT fell by 1.42% or $-0.92/share to $63.73. In the past year, the shares have traded as low as $52.28 and as high as $69.92. On average, 141617 shares of BT exchange hands on a given day and today's volume is recorded at 54017.
Cisco Systems, Inc. (Cisco) designs, manufactures, and sells Internet protocol (IP)-based networking and other products related to the communications and information technology (IT) industry and provide services associated with these products and their use. Shares of CSCO fell by 0.64% or $-0.16/share to $24.83. In the past year, the shares have traded as low as $20.22 and as high as $26.08. On average, 25641700 shares of CSCO exchange hands on a given day and today's volume is recorded at 8101595.
Domino?s Pizza, Inc. (Domino?s) is a pizza delivery company in the United States. Shares of DPZ traded higher by 0.23% or $0.17/share to $75.62. In the past year, the shares have traded as low as $60.95 and as high as $80.61. On average, 376858 shares of DPZ exchange hands on a given day and today's volume is recorded at 118666.
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