Press release from Business Wire
Federman & Sherwood Alerts Investors of Its Investigation of BMC Software, Inc., and Whether It Has Breached Its Fiduciary Duties or Violated State Laws
Tuesday, May 07, 2013
Federman & Sherwood Alerts Investors of Its Investigation of BMC Software, Inc., and Whether It Has Breached Its Fiduciary Duties or Violated State Laws12:18 EDT Tuesday, May 07, 2013
OKLAHOMA CITY (Business Wire) -- 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 company.
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