Compuware Corp. (Nasdaq: CPWR) said that it would listen to acquisition offers, after rejecting a $2.3 billion proposal from Elliott Management. The company felt the offer was too low, and plans to spin off its Covisint cloud software unit via a public listing. Elliott Management said that it remains “very interested.” www.compuware.com

Goldman Sachs
 has begun a share sale of its $1 billion stake in Industrial and Commercial Bank of China (HK: 1398). www.icbc.com.cn

Johnson & Johnson
 (NYSE: JNJ) is seeking a buyer for its feminine products business, which includes brands like Stayfree, Carefree and K-Y, according to the WSJ. www.jnj.com

Nordion
 (TSX: NDN), a Canadian provider of medical isotopes, said that it has launched a review of strategic alternatives. The company currently has a market cap just south of $400 million.www.mdsnordion.com

Siemens has retained Goldman Sachs to find a buyer for its Water Technologies unit, according to Reuters. The German conglomerate announced in November that it would seek a buyer for the unit, which has annual revenue of approximately €1 billion. www.siemens.com

Smedvig Capital has sold Selstor, a Swedish self-storage company, to Denmark’s Pelican Self Storage. No financial terms were disclosed. www.pelicanselfstorage.com

Sign up for Dan’s daily email newsletter on deals and deal-makers: GetTermSheet.com