Elliott Associates officially discloses a 5.5% stake in BMC Software (BMC -0.6%) and makes five...

|About: BMC Software, Inc. (BMC)|By:, SA News Editor

Elliott Associates officially discloses a 5.5% stake in BMC Software (BMC -0.6%) and makes five nominations for BMC's board, with the goal of having the company explore a sale. BMC responds with a terse PR that claims "a sale at this time is not in the best interests of stockholders." BMC shares surged yesterday on news of Elliott's stake, in spite of the company's adoption of a poison pill in response.