Elliott Management came out with a presentation on why BMC Software should sell itself. BMC has resisted Elliott’s earlier efforts. Earlier this month, BMC instituted a shareholder rights plan, known as a poison pill, intended to prevent Elliott or other investors from seizing more control. This is an interesting move and clearly puts more pressure on BMC to react - seeing how they are always on potential take out lists I wonder if this will be the catalyst to push them to sell.
Enjoy.
Elliott Management's BMC Presentation
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