BMC
BMC Software, Inc.NASDAQ
BMC is defunct.
  • Dec. 8, 2013, 5:02 AM
    • Bain and Golden Gate Capital have reportedly teamed up to make a bid for software provider Compuware (CPWR), whose market cap is $2.34B.
    • The private-equity firms agreed to acquire larger rival BMC Software (BMC) in May, although they wouldn't necessarily merge Compuware with BMC.
    • Bain and Golden Gate could face competition from Thoma Bravo and Vista Capital.
    • Any deal could represent an exit for activist investor Elliot Management, Compuware's largest shareholder with an 8.6% holding. Elliot tried to buy Compuware a year ago but was rebuffed.
    | Dec. 8, 2013, 5:02 AM
  • May 6, 2013, 9:39 AM

    It's official: BMC Software (BMC) is selling itself to Bain Capital and Golden Gate Capital for $46.25/share in cash after several months of talks with various P-E firms; the price represents a 2% premium to Friday's close. Activist investor Elliott Associates, which owns 9.6% of BMC, is backing the deal. BMC has been given a 30-day go-shop period during which it can "solicit alternative proposals." (PR) (yesterday)

    | May 6, 2013, 9:39 AM | 1 Comment
  • May 5, 2013, 9:24 PM

    Bain Capital and Golden Gate capital could announce a deal to buy BMC Software (BMC) for ~$46 per share as early as Monday, Reuters says. (previous)

    | May 5, 2013, 9:24 PM
  • Apr. 30, 2013, 11:18 PM

    A consortium led by Bain Capital and Golden Gate Capital is the odds-on favorite to buy BMC Software (BMC), as the group has outbid a syndicate comprised of KKR, TPG Capital, and Thoma Bravo, sources tell Reuters. The offer for the company is projected to be in the $6.5B range equating to between $45-50 per share. BMC could still decide not to sell itself, people familiar with the matter said. (previous: I, II)

    | Apr. 30, 2013, 11:18 PM
  • Apr. 11, 2013, 2:22 PM

    BMC Software (BMC +1.7%) spikes higher after Reuters reports two P-E consortiums are finalizing bids set to be made on April 22. One consortium features Thoma Bravo, KKR, and TPG, and the other Bain Capital and Golden Gate Capital. (previous)

    | Apr. 11, 2013, 2:22 PM
  • Mar. 21, 2013, 1:54 PM
    More on BMC Software: Reuters reports Bain Capital and Golden Gate Capital have also formed a consortium to bid on BMC (BMC +3.4%), and that Thoma Bravo is part of a third consortium. The first round of bids are reportedly over, and final bids are "expected in the next few weeks." BMC is off the day's highs.
    | Mar. 21, 2013, 1:54 PM | 1 Comment
  • Mar. 21, 2013, 11:14 AM
    BMC Software (BMC +5.2%) jumps on a report P-E firms KKR and TPG have joined forces to make a possible bid. The systems management software firm has been the subject of buyout rumors for months.
    | Mar. 21, 2013, 11:14 AM
  • Mar. 14, 2013, 1:07 PM
    Banks are interested in financing a BMC Software (BMC +1.7%) LBO, sources tell dealReporter. Bloomberg reported in October three P-E firms have shown interest in bidding for the systems management software vendor.
    | Mar. 14, 2013, 1:07 PM | 1 Comment
  • Oct. 22, 2012, 11:26 AM

    P-E firms KKR, TPG, and Bain have shown interest in buying BMC Software (BMC +0.9%), sources tell Bloomberg. On the flip side, IT giants such as Oracle, Cisco, Dell, and EMC are deemed "unlikely to bid" due to a lack of interest in BMC's mainframe software/services business, and concerns about the cost of breaking the company up. BMC, under pressure from activist investor Elliott Associates to sell, has hired BofA/Merrill to help facilitate a deal.

    | Oct. 22, 2012, 11:26 AM
  • Oct. 1, 2012, 2:33 PM

    BMC Software (BMC +4.5%) spikes higher after the WSJ reports the company has hired BofA/Merrill to help find a buyer. The i-bank is said to be reaching out to software companies and P-E firms to gauge interest. BMC has already rallied this year on M&A hopes, as activist investor Elliott Associates prods the company to put itself on sale. Susquehanna gives BMC, which currently trades at $43, a sum-of-the-parts valuation of $54.

    | Oct. 1, 2012, 2:33 PM
  • Sep. 10, 2012, 5:59 PM

    Citrix (CTXS) has acquired Beetil, a developer of cloud-based service desk software for technical support workers. Beetil's products complement those found in Citrix's GoToAssist product support solutions, and make the company more of a direct competitor to ServiceNow (NOW), one of the early leaders in the cloud service desk space. BMC Software (BMC) also competes in this area.

    | Sep. 10, 2012, 5:59 PM
  • May 25, 2012, 1:47 PM

    BMC Software (BMC +2%) spikes a little after InformationWeek reports tech giants and P-E investors have expressed interest in buying part or all of the company. The tech companies aren't specifically named, but are said to be from a list that includes Dell, Cisco, Oracle, EMC, and IBM. Activist investor Elliott Associates is pushing for a sale, but BMC has thus far resisted its efforts. Rival Quest Software (QSFT +4%) is rallying on reports Dell is in talks to buy the company.

    | May 25, 2012, 1:47 PM
  • May 25, 2012, 9:42 AM

    Quest Software (QSFT +4.3%) jumps to $26.26, 14% above IVP's $23/share buyout price, following a Bloomberg report that Dell (DELL) is interested in the systems management software vendor. Following Dell's recent crash, Quest's market cap is nearly equal to 10% of Dell's. A Dell buyout could lead to interest from another IT giant in Quest rival BMC Software (BMC +1.1%), which is under pressure to sell itself.

    | May 25, 2012, 9:42 AM
  • May 21, 2012, 1:40 PM

    BMC Software (BMC +2.8%) follows the tech sector higher after 5.5% activist shareholder Elliott Associates issues a PR questioning recent comments from BMC about the health of its business, and the company responds with a short PR defending its remarks. BMC rallied a week ago on news of Elliott's stake in the company, even though it adopted a poison pill in response.

    | May 21, 2012, 1:40 PM
  • May 15, 2012, 12:58 PM

    SolarWinds (SWI +3.9%) and Splunk (SPLK +1.4%) outperform after being mentioned positively in Elliott Associates' open letter to BMC Software's (BMC +1.6%) board. The enterprise software firms are named as companies BMC should have acquired to bolster its software-as-a-service (SaaS) offerings, but are now too richly priced to justify a purchase. (previous)

    | May 15, 2012, 12:58 PM
  • May 15, 2012, 10:51 AM

    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.

    | May 15, 2012, 10:51 AM