As Compuware Goes Private, A Parting Gift To Shareholders- Covisint Shares And A Tax Bill

Last month, Compuware(CPWR) agreed to be acquired by private equity firm Thoma Bravo.  As part of the deal, Compuware committed to divest all shares of Covisint(COVS) that it retained after conducting an IPO within 60 days.  Well within its window, Compuware announced on Friday that it would be distributing the shares at the end of the month. Compuware…