BMC Software Acquired for $46.25 per Share in Cash

It is henceforth official that , the transaction with private investor group has been esteemed  at $6.9 Billion

This definitive agreement to be acquired by a private investor group was led by Bain Capital and Golden Gate Capital together
with GIC Special Investments Pte Ltd (“GIC”) and Insight Venture Partners (collectively, the “Investor Group”).

 This means that, as from now, BMC is private and the Investor Group will acquire all outstanding BMC common stock for $46.25 per share in cash, or approximately $6.9 billion.   

The agreement was approved by unanimous vote of those directors present. 

“After a thorough review of strategic alternatives, the BMC board of directors is pleased to reach this agreement, which provides shareholders with immediate and substantial cash value, as well as a premium to our unaffected share price.” “BMC believes the opportunity to become a private company will provide additional flexibility and position us to invest more strategically to drive powerful innovation and deliver cutting edge customer solutions. We look forward to working closely with all parties to complete this transaction and enter into our next chapter of growth and industry leadership.” Said Bob Beauchamp, chairman and chief executive officer at BMC. 

  About BMC Software.

BMC Software (NASDAQ: BMC) manages business services and applications across distributed, mainframe, virtual and cloud environments. For the four fiscal quarters ended March 31, 2013, BMC revenue was $2.2 billion.