Bain, Golden Gate Partner On $6.9B BMC Software Takeover

Law360, New York (May 6, 2013, 2:55 PM EDT) -- Investment firms Bain Capital LLC and Golden Gate Capital will take BMC Software Inc. private in a $6.9 billion deal, Houston-based BMC said Monday, more than a year after its largest shareholder began needling at it to redirect its strategy to speed up growth.

Under the deal's terms, BMC stockholders will receive a $46.25-per-share payout — a slight premium over Friday's close, though the stock has gained 4.5 percent in value since reports first surfaced in March that private equity bidders were interested in a takeover....
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