Elliott Management To Roll Over $137M Into BMC Deal

Law360, New York (July 25, 2013, 7:56 PM EDT) -- After pushing Houston-based BMC Software Corp. into a sale, Elliott Management Corp. will roll over $137 million into the newly privatized BMC, it was revealed Thursday, repeating a play it has run at least three times before.

BMC shareholders approved the company's $6.9 billion sale to private equity firms Bain Capital LLC and Golden Gate Capital. Elliott will join the two private equity firms, according to a regulatory filing.

The filing also lays out for the first time the details of Elliott's rollover negotiations. The hedge...
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