BMC Completes BladeLogic Offer

BMC Software successfully completes tender offer for BladeLogic shares

April 18, 2008

1 Min Read
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HOUSTON -- BMC Software (NYSE:BMC) today announced the successful completion of the tender offer by its direct wholly owned subsidiary, Bengal Acquisition Corporation, for all outstanding shares of common stock of BladeLogic, Inc. (NASDAQ:BLOG) at a price of $28.00 per share, net to the seller in cash, without interest. The tender offer expired at 12:00 midnight, Boston, Massachusetts time, on Thursday, April 17, 2008.

The depositary for the tender offer has advised BMC Software that, as of the expiration of the tender offer, approximately 27,368,539 shares were validly tendered and not withdrawn in the tender offer, representing approximately 96.7% percent of BladeLogics issued and outstanding shares. All validly tendered shares have been accepted for payment in accordance with the terms of the tender offer.

BMC Software intends to complete the acquisition of BladeLogic through the merger of Bengal Acquisition Corporation with and into BladeLogic as soon as practicable in accordance with applicable provisions of Delaware law that authorize the completion of the merger without a vote or meeting of stockholders of BladeLogic. Under the merger agreement, all remaining publicly held shares (other than shares held by holders who properly exercise their appraisal rights under applicable Delaware law) will be acquired for $28.00 per share, net to the holder in cash, without interest, in the merger.

BMC Software Inc.

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