BMC to go private in $6. 9 billion deal led by Bain, Golden Gate
By Sayantani Ghosh (Reuters) – Business software maker BMC Software Inc, whose anemic growth has been a source of frustration for its largest shareholder, said it would be taken private by a group led by Bain Capital and Golden Gate Capital for about $6. 9 billion. Elliott Management, which owns 9. 6 percent of BMC and had been pushing for a sale for more than a year, had argued that BMC’s management was neglecting the huge opportunity to expand into the fast-growing cloud computing market. . . .
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