33 posts and columns on mergers
Software company BMC has agreed to be acquired by a group of four private equity firms. Together, Bain Capital, Golden Gate Capital, GIC Special Investments and Insight Venture Partners have offered to take BMC private at $46.25 a share, a deal that values the company at $6.9 billion, which amounts to a premium of less than 2 percent over BMC’s closing share price on Friday.
News Bytesignals it floated that it might begin another acquisitive streak, IBM today said it will acquire Q1 Labs, a Massachusetts-based security firm that specializes in using analytics to detect and flag suspicious activity on corporate networks. Financial terms of the deal weren’t disclosed, but IBM said Q1 will be added to its newly formed Security Systems Unit, going after what it says is a $94 billion opportunity in security software and services.