A team of private-equity firms, including Bain Capital and Golden Gate Capital, are reportedly close to a deal to acquire BMC Software for $46 per share or a total of about $6.5bn, which could make it one of the largest leveraged takeovers so far during 2013.
The enterprise information-technology management software maker and the private-equity firms are currently negotiating, so the terms of the deal are still expected to be changed.
In April 2013, another private-equity group comprising KKR, Thoma Bravo and TPG Capital abandoned the bidding for BMC upon making an offer of $48 per share last month.
Earlier, BMC held talks with buyout firms in the midst of pressure from activist investor Elliott Associates prior to deciding to cash in $1bn in shares instead.
Houston-based firm also reported cutting its workforce in business-unit and corporate functions, as part of a company wide operational review that was announced and started in January 2013.
Upon the workforce reduction, BMC anticipated pretax charges for severance and related termination costs of between $33m and $38m to be recorded during the first two quarters of 2013.
