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If you purchased shares of the BMC Software, Inc. (NASDAQ:BMC) and currently hold any of those NASDAQ:BMC shares, you have certain options and you should contact the Shareholders Foundation, Inc.
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To have your information reviewed for options and to receive notifications about this case, please send an email to mail@shareholdersfoundation.com, or call us at (858) 779-1554.
Lawsuit Overview
April 8, 2013 (Shareholders Foundation ) - An investor in shares of BMC Software, Inc. (NASDAQ:BMC) shares filed a lawsuit against directors of BMC Software, Inc. in effort to stop a takeover of BMC Software, Inc. at $45.00 per share.
The plaintiff alleges that the defendants breached their fiduciary duties arising out of the attempt to sell the company too cheaply.
On March 21, 2013, rumors surfaced that according to unnamed people familiar with the matter private equity firms are joining forces in the auction of BMC Software Inc.
However, at least one analyst has set the high target price for NASDAQ:BMC shares at $52.00 per share. Furthermore, BMC Software’s financial performance improved lately. In fact, BMC Software, Inc. reported that its total Revenue rose from over $1.87 billion for the 12 months period that ended on March 31, 2009 to over $2.17 billion for the 12 months period that ended on March 31, 2012. Shares of BMC Software, Inc. (NASDAQ:BMC) grew from $32.01 per share in January 2012 to as high as $44.50 per share in January 2013.
On April 8 2013, NASDAQ:BMC shares closed at $44.45 per share.