UPDATE: 1/25/13, 1:35 p.m. EST. Compuware has rejected Elliott’s $2.3 billion takeover bid.
Elliott Managementthe hedge fund probably best known in legal circles for its sovereign debt battles with Argentinahas mounted a $2.3 billion bid to take control of business software maker Compuware. The target company has retained Skadden, Arps, Slate, Meagher & Flom to help evaluate the offer, according to two sources familiar with the matter.
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