Federman & Sherwood Alerts Investors of Its Investigation of BMC Software,
Inc., and Whether It Has Breached Its Fiduciary Duties or Violated State
OKLAHOMA CITY -- May 7, 2013
The law firm of Federman & Sherwood has initiated an investigation into BMC
Software, Inc. (NASDAQ: BMC) (“BMC Software”) with respect to possible
breaches of fiduciary duty by the company’s officers and directors, as well as
violations of state law, in connection with the proposed sale of BMC Software
to a private investor group.
On May 6, 2013, BMC Software announced that it had agreed to be taken private
in a $6.9 billion deal by Bain Capital, LLC, Golden Gate Capitol and other
private equity firms. In its announcement, BMC Software stated that BMC
shareholders would be paid $46.25 per share in cash, which the company states
is a 13% premium to its investors. However, at least one analyst has set a
target price for BMC stock at $52.00 per share.
Federman & Sherwood is investigating whether: (1) the information being
provided to BMC Software shareholders makes all necessary disclosures with
respect to the proposed sales transaction; (2) whether the proposed sale as
currently outlined offers adequate value to BMC shareholders; and, (3) whether
BMC Software could have received a higher price per share for its shareholders
had the officers and directors aggressively sought other purchasers for the
If you currently own common stock in BMC Software, Inc. and purchased your
shares before May 6, 2013; have information to assist in our investigation of
this transaction; or, have any questions or concerns regarding this notice or
preservation of your rights, please contact William B. Federman. Federman &
Sherwood has extensive nationwide experience in representing investors in
securities, derivative and merger-related shareholder class actions, and has
been appointed as lead counsel in multiple complex cases.
Federman & Sherwood
William B. Federman, 405-235-1560
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