Shareholders Foundation, Inc.

BMC Software, Inc. (NASDAQ:BMC) Investor Alert: Lawsuit Alleges $46.25 Offer Is Too Low

A lawsuit was filed in effort to stop the proposed takeover of BMC Software, Inc. (NASDAQ:BMC) for $4625 per shares and current NASDAQ:BMC stockholders should contact the Shareholders Foundation.

 

San Diego, CA -- (SBWIRE) -- 05/14/2013 -- An investor, who currently hold NASDAQ:BMC shares, filed a lawsuit in effort to stop the proposed takeover of BMC Software, Inc. by Bain Capital and Golden Gate Capital together with GIC Special Investments Pte Ltd and Insight Venture Partners for $46.25 per NASDAQ:BMC share.

Investors who purchased shares of BMC Software, Inc. (NASDAQ:BMC) prior to May 6, 2013, and currently hold any of those NASDAQ:BMC shares have certain options and should contact the Shareholders Foundation at mail(at)shareholdersfoundation.com or call +1(858) 779 - 1554.

On May 6, 2013, BMC Software, Inc. announced that it has signed an agreement to be acquired by a private investor group led by Bain Capital and Golden Gate Capital together with GIC Special Investments Pte Ltd and Insight Venture Partners (collectively, the “Investor Group”). Under the terms of the agreement, affiliates of the Investor Group will acquire all outstanding BMC Software, Inc. common stock for $46.25 per share in cash, or approximately $6.9 billion.

However, the plaintiff alleges that the defendants breached their fiduciary duties owed to NASDAQ:BMC stockholders by agreeing to sell the company too cheaply via an unfair process.

Indeed, at least one analyst has set the high target price for NASDAQ:BMC shares at $52.00 per share.

In addition, BMC Software’s financial performance improved lately. For instance, BMC Software, Inc. reported that its Total Revenue rose from over $1.87 billion for the 12 months period that ended on March 31, 2009 to over $2.17 billion for the 13 months period that ended on March 31, 2012. Furthermore, shares of BMC Software, Inc. (NASDAQ:BMC) traded in 2011 as high as $56.17 per share.

On May 13, 2013, NASDAQ:BMC shares closed at $45.46 per share.

Those who are current investors in BMC Software, Inc. (NASDAQ:BMC), have certain options and should contact the Shareholders Foundation.

Contact:
Shareholders Foundation, Inc.
Joelle Day
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com