Business software vendor BMC Software has agreed to sell itself to a consortium of private investors led by buyout firms Bain Capital and Golden Gate Capital for $6.9 billion in cash, the companies announced on May 6.
Under the deal terms, the investor groupwhich also includes Insight Venture Partners and GIC Special Investmentswill pay $46.25 per share to acquire all outstanding BMC stock. BMC will also receive a 30-day "go-shop" period where it may solicit rival bids from other potential buyers.
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