Skip to main content
Advertising

Originally published May 6, 2013 at 5:06 AM | Page modified May 6, 2013 at 6:55 AM

  • Share:
             
  • Comments (0)
  • Print

Ahead of the Bell: Reports detail BMC buyout

Shares of BMC Software climbed before the opening bell on new reports that a team of private equity firms may attempt to buy the information technology company as soon as Monday.

The Associated Press

Most Popular Comments
Hide / Show comments
No comments have been posted to this article.
Start the conversation >

advertising

Shares of BMC Software climbed before the opening bell on new reports that a team of private equity firms may attempt to buy the information technology company as soon as Monday.

There were several reports that Bain Capital LLC and Golden Gate Capital Group were close to finalizing an agreement to buy the Houston company in a deal valued at more than $6.5 billion.

Representatives of BMC, Bain Capital and Golden Gate Capital did not immediately return calls Monday seeking comment about the possible buyout.

BMC offers cloud computing and information technology management services to businesses. The company is scheduled to report its fiscal fourth-quarter results on Tuesday.

Hedge fund Elliott Management, which has a 9.6 percent stake in BMC Software Inc., asked the company to consider selling itself last year. The stock then jumped in March after reports surfaced that the company was considering buyout offers from several private equity firms.

Company shares climbed 46 cents to $45.90 in premarket trading. The stock price has risen nearly 16 percent so far this year.

News where, when and how you want it

Email Icon

The Seattle Times wins top award for multimedia storytelling

The Seattle Times wins top award for multimedia storytelling

Our Sea Change series received a prestigious 2015 DuPont-Columbia award for showcasing the power of storytelling on the Web. Experience the report here.

Advertising

Advertising

Career Center Blog

Career Center Blog

Looking for joy on the job


Advertising
The Seattle Times

The door is closed, but it's not locked.

Take a minute to subscribe and continue to enjoy The Seattle Times for as little as 99 cents a week.

Subscription options ►

Already a subscriber?

We've got good news for you. Unlimited seattletimes.com content access is included with most subscriptions.

Subscriber login ►