BUYOUT OF BMC SOFTWARE - LAW FIRM SEEKS HIGHER PRICE FOR SHAREHOLDERS
May 6, 2013
New York, New York
Tripp Levy PLLC, a leading national securities and shareholder rights law firm, announces that it has been retained to represent shareholders of BMC Software Inc. in connection with the acquisition of the company. BMC Software (NASDAQ: BMC) (“the Company”) has signed a definitive agreement to be acquired by a private investor group led by Bain Capital and Golden Gate Capital together with GIC Special Investments Pte Ltd (“GIC”) and Insight Venture Partners (collectively, the “Investor Group”).
Under the terms of the agreement, affiliates of the Investor Group will acquire all outstanding BMC common stock for $46.25 per share
The investigation concerns whether the board of directors of BMC obtained the maximum amount for shareholders though a fair and open bidding process, or, while negotiating with Bain and Golden Gate sought equity ownership for themselves as well as other pay packages and persona benefits, representing a conflict of interest in trying to maximize shareholder value. Indeed, analysts project the true takeover value of the company is worth at least $52 per share.
If you are a shareholder of BMC and would like additional information regarding this transaction and your rights as a shareholder, please contact us at 1-877-772-3975 or email at contact @ tripplevy
Tripp Levy PLLC is a national law firm representing shareholders around the globe.