BMC Software May Be Acquired For More Than $6.5 Billion By Bain Capital And Golden Gate Capital As Soon As Monday

An announcement that BMC Software Inc. (NASDAQ:BMC) is being acquired for about $46 per share -- a total of more than $6.5 billion -- by a private-equity group consisting of Bain Capital LLC and Golden Gate Capital could come before BMC delivers its financial report for its 2013 fiscal year's fourth quarter Tuesday.

The Houston-based company's share price closed at $45.42 Friday, as it rose 18 cents, or 0.40 percent.

The anticipated deal could be disclosed as early as Monday, according to Reuters, which cited two sources familiar with the matter who declined to be identified.

Discussions are ongoing between the enterprise information-technology management software maker and the private-equity players, so the terms of the deal could still change, the sources told the news agency.

Another private-equity group consisting of KKR & Co. L.P. (NYSE:KKR), Thoma Bravo LLC and TPG Capital L.P. recently abandoned the bidding for BMC after making an offer of about $48 per share last month, according to Bloomberg News, which cited a source familiar with the matter who declined to be identified.

In advance of BMC's financial report this week, analysts anticipate the company will report earnings per share of 93 cents for the quarter and $3.42 for the year, according to estimates provided by the Thomson Financial Network. They also expect the firm to report revenue of $591.88 million for the quarter and $2.22 billion for the year.

On a U.S. Securities and Exchange Commission Form 8-K filed April 8, BMC noted it is cutting its workforce as a result of a companywide operational review announced and begun in January. The layoffs are in business-unit and corporate functions across the geographical regions where the firm operates.

As a result of this reduction in force, BMC pointed out it anticipated pretax charges for severance and related termination costs of between $33 million and $38 million to be recorded in the first two quarters of this calendar year. On March 31 of last year, the company had about 6,900 full-time employees.