BMC Gets Investor OK For $6.9B Sale, Settles Row Over Deal

Law360, New York (July 25, 2013, 2:16 PM EDT) -- In a late Wednesday vote, BMC Software Inc. shareholders approved plans to send the Texas-based company to private equity hands in a $6.9 billion deal that includes a settlement that would end ongoing litigation tied to the sale.

The holders of roughly two-thirds of BMC's outstanding shares signed off on the deal, enough to clear a required approval threshold, the company said. Under the deal's terms, they'll each receive $46.25 per share from a buyer group including Bain Capital LLC, Golden Gate Capital, GIC Special Investments...
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