BMC Software To Be Acquired By Bain Capital, Golden Gate

BMC Software, Inc. (NASDAQ:BMC) today, just a day before its Q1 earnings release, announced that it was selling itself to a consortium of private equity firms led by Bain Capital and Golden Gate for $6.9 billion, Reuters reports.

This comes after more than a year of tugging between BMC and its activist stakeholder Elliott Management. Paul Singer's Elliott Management Corp is the largest stakeholder in BMC Software, Inc. (NASDAQ:BMC) with ownership in 9.6 percent of BMC's common stock.

Just a few days ago Reuters reported that the a group of firms...