Press release from Business Wire
Rigrodsky & Long, P.A. Announces Investigation Of BMC Software, Inc. Buyout
Monday, May 06, 2013
Rigrodsky & Long, P.A. Announces Investigation Of BMC Software, Inc. Buyout15:32 EDT Monday, May 06, 2013
WILMINGTON, Del. (Business Wire) -- Rigrodsky & Long, P.A.:
- Do you own shares of BMC Software, Inc. (NASDAQ GS: BMC )?
- Did you purchase any of your shares prior to May 6, 2013?
- Do you think the proposed buyout price is too low?
- Do you want to discuss your rights?
Rigrodsky & Long, P.A. announces that it is investigating potential legal claims against the board of directors of BMC Software, Inc. (“BMC” or the “Company”) (NASDAQ GS: BMC) regarding possible breaches of fiduciary duties and other violations of law related to the Company's entry into an agreement to be acquired by Bain Capital, Golden Gate Capital, GIC Special Investments Pte Ltd and Insight Venture Partners (collectively, the “Investor Group”) in a transaction valued at approximately $6.9 billion.
Click here to learn more: http://www.rigrodskylong.com/investigations/bmc-software-inc-bmc.
Under the terms of the agreement, public shareholders of BMC will receive $46.25 per share in cash for each share of BMC they own.
The investigation concerns whether BMC's board of directors failed to adequately shop the Company and obtain the best possible value for BMC's shareholders before entering into an agreement with the Investor Group. According to Yahoo! Finance, at least one analyst has set a price target for BMC stock at $52.00.
If you own the common stock of BMC and purchased your shares before May 6, 2013, if you have information or would like to learn more about these claims, or if you wish to discuss these matters or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Seth Rigrodsky or Brian Long at Rigrodsky & Long, P.A., 2 Righter Parkway, Suite 120, Wilmington, Delaware 19803, by telephone at (302) 295-5310, or Peter Allocco at Rigrodsky & Long, P.A., 825 East Gate Boulevard, Suite 300, Garden City, New York 11530, by telephone at (888) 969-4242; by e-mail to email@example.com, or at: http://www.rigrodskylong.com/investigations/bmc-software-inc-bmc.
Rigrodsky & Long, P.A., with offices in Wilmington, Delaware and Garden City, New York, regularly prosecutes securities class, derivative and direct actions, shareholder rights litigation and corporate governance litigation, on behalf of shareholders in states and federal courts throughout the United States.
Attorney advertising. Prior results do not guarantee a similar outcome.
Rigrodsky & Long, P.A.
Seth D. Rigrodsky
Brian D. Long