BMC Software agrees to be sold to private investor group led by Bain, Golden Gate for $6.6B

NEW YORK, N.Y. – BMC Software says it has agreed to be sold to a private investor group for about $6.6 billion in cash.

BMC Software Inc. makes system management software for businesses

The Houston-based company says that the deal is for $46.25 per share. That’s less than 2 per cent above Friday’s closing stock price of $45.42.

With roughly 143 million shares outstanding, according to FactSet, that values the deal at $6.6 billion. The companies say the deal is worth $6.9 billion.

The investor group is led Bain Capital and Golden Gate Capital.

BMC says that Elliott Management, which owns 9.6 per cent of the BMC’s stock, has agreed to vote its shares in favour of the deal.

The deal is expected to close later this year.

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