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FINANCIALS
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COMPUWARE CORPORATION AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

 

13. SUBSEQUENT EVENTS (UNAUDITED)
t
Business Combinations - In June 1999, the Company extended a cash tender offer to purchase all outstanding shares of common stock of Data Processing Resources Corporation (ÒDPRCÓ), a professional services company, for approximately $353 million in cash. DPRC reported audited revenues of $211 million for the year ended July 31, 1998, and has reported revenues of $355 million for the 12 months ended April 30, 1999. The acquisition will be accounted for under the purchase method of accounting.

 

  Annual Report 1999 

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