Bmc software finance is backed by bain capital partners, golden gate private equity, gic special investments pte ltd, insight venture management and elliott associates. Partners and elliott management collectively, the investor group. Bmc, elliott reach agreement over board houston business. Bmc said tuesday it has reached an agreement with elliott associates lp regarding the houstonbased companys board of directors. Article related articles 2 stock quotes 2 comments 0. Bmc the company or bmc, the recognized leader in business service management, today issued the following statement in response to the press release issued earlier today by elliott associates, l. Bmc stock was originally traded on nasdaq under the symbol bmcs and on the new york stock exchange with symbol bmc, but the. Free orderin lunches, plenty of free beverages and snacks, great benefits. We are the oldest travel agency in japan and have been in business for more than 100 years.
Bmc software announces stockholder approval of merger. Bmc agrees to nominate elliott picks to expanded board. View robert bains profile on linkedin, the worlds largest professional community. In 2012, it was confronted by activist shareholders as elliott associates and elliott international acquired more than 5 percent of bmc s common stock. Bmc software responds to elliott managements letter bmc. Jon simonfeature photo servicebmc softwarehandout via reuters. Despite claims from elliott associates lp that bmc software inc.
Elliott believes that bmc is not a g ood but a great company that can return significant and. Elliott believes that bmc is not a g ood but a great. Bmc or the company today announced the successful completion of its acquisition by a private investor group led by bain capital and golden gate capital together with insight venture partners, gic special investments pte ltd gic, and elliott management corporation collectively, the investor group. Elliott intend to make a filing with the securities and exchange. Bmc software rebuffs elliott with poison pill reuters. Known as a bruising activist fund, paul singers fund has completed. Bmc announces job losses as standstill agreement with activist investor elliott associates ends. Bmc softwares plan to be acquired is a victory for paul singers hedge fund, elliott management corp. Activist elliott embraces private equity strategy financial times. Singer, via elliott associates and elliott management, now owns. Elliott, founded in 1977, is one of the oldest private investment firms of its kind under continuous management. Bmc software completes privatization transaction bain. Elliott management, apparently concerned that its calls for bmc software to sell itself have not been heeded, has laid out its argument in a lengthy presentation the hedge fund filed a 36page powerpoint presentation with the securities and exchange commission on thursday, aimed at prodding bmc into considering a sale to a larger software company or a private equity firm. Bmc software continues to evolve after 36year ride.
The fund recently filed its f with the sec, disclosing many of the. The elliott funds investors include large institutions, highnetworth individuals and families, and employees of the firm. Jim schaper and john dillon to be added to bmc slate. Bmc began conducting discussions in 2012 with buyout firms in the face of pressure from its secondlargest shareholder, elliott associates lp. Elliott lays out argument for a sale of bmc software the new. The elliott management track record in tech deals diginomica. Bmc announces that a representative of elliott associates, l. Kkr today announced the signing of a definitive agreement under which kkr will acquire bmc.
Bmc software this morning announced that the company has been notified that the investment firm elliott associates has acquired more than. Bmc software, ca technologies ca weigh deal to combine. Bmc helps customers run and reinvent their businesses with open, scalable, and modular solutions to complex it problems. After not being able to identify the right buyer, the. Graduates of moscow state mining university msmu the names, photos, skill, job, location. Bmc software to be acquired by global investment firm kkr. Bmc urges shareholders to reject elliott director picks. Elliott makes case for sale of bmc software marketwatch. Elliott files detailed analysis on bmc pr newswire. Founded in 1977, elliott is one of the oldest hedge funds under continuous management. Elliott, a seasoned investor in the software sector, has a 9. The hedge fund elliott management has filed a 36page powerpoint presentation with the s. Kkr to acquire bmc software from investor group pr newswire.
Founded in 1977, elliott is one of the oldest hedge funds under. The houston company, a maker of software to manage corporate computer networks, reported that it adopted takeover defenses after elliott associates lp acquired a stake of more than 5 percent in bmc. Bmc software agreed on monday to sell itself to a group of investors. The company is being acquired from a private investor group led by bain. Elliott management tried with systems software provider bmc software. Bmc software finance to offer private placement pe hub. M moser associates have designed the offices of nonprofit educational organization teach for america, located in san francisco, california. Billionaire investor and hedge fund manager paul singer continues his push for the sale of bmc software, inc.
Bmc software notified that elliott has acquired over 5% of. Bmc offers saasbased and onpremise software and services in areas including cloud computing, it service management, automation, it operations, and mainframe. Bmc software today announced that the companys stockholders approved the stockholder proposals required for the proposed merger, providing for merger. Venture partners, gic special investments pte ltd gic, and elliott.
Civil engineering education csulb 1985 1987 moscow state mining. Elliott management nominates five experienced technology. Bmc software soars after elliott associates buys in. Bmc rejects elliott sale proposal with poison pill law360. Bmc software, ca technologies ca weigh deal to combine, take ca private bloomberg. Billionaire paul singers latest stock picks insider monkey.
Bmc the company or bmc, the recognized leader in business service management, has reached an agreement with elliott associates, l. Prior deals by elliott management could offer insights into how it is. Paul singer founded elliott associates in 1977, making elliott quite old when compared to the rest of the hedge fund industry. Elliott management to keep a finger in bmc software wsj. For the last several weeks, we have actively encouraged bmcs management and board of directors to work productively with elliott and our. Bmc or the company today announced the successful completion of its acquisition by a private investor group led by bain capital private equity and golden gate capital together with insight venture partners, gic special investments pte ltd gic, and elliott management corporation collectively, the investor group. How elliott and hess settled a bitter proxy battle the. Prnewswire bmc software bmc, a global leader in software. Why is billionaire paul singer getting deeper into bmc. Bmc software announces agreement with elliott management. Bmc software inc adopted a shareholder rights plan to help stave off a potential acquisition, after hedge fund group elliott called for a sale of the company and told the business software. Elliott management, the hedge fund that is pushing bmc software inc. Houstonbased bmc software is being acquired by global investment firm kkr.
Reviews from bmc software employees about bmc software culture, salaries, benefits, worklife balance, management, job security, and more. Shares of bmc software, which specializes in enterprise products, soared nearly 10 percent after elliott associates, the venerable new york hedge fund, said it had acquired a stake above 5 percent. Present nuance communications october 2011 may 2014 bmc software december 2009 september 2011 progress software acquired iona technologies. Bmc has too quickly brushed off its arguments that the company should put itself up for sale and hire new board of.
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