BMC Airs Details Of $7B Buyout, Clears Path For Vote

Law360, New York (July 17, 2013, 6:48 PM EDT) -- BMC Software Inc. on Wednesday disclosed more information about its $6.9 billion buyout to avoid an injunction hearing and pave the way for a shareholder vote next week, but the plaintiffs are shifting their focus to a hedge fund with a key part in the deal.

Most of the 15 additional proxy statement disclosures center on the role of Elliot Management LP, the hedge fund that pushed for the company's sale to Bain Capital LLC and Golden Gate Capital, and is now in talks to participate...
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