Bain Capital and Golden Gate Capital are the leading contenders to buy BMC Software for more than $6.5 billion, according to Reuters, which says they made a binding offer on April 22.
The price the pair offered was more than that of a rival consortium consisting of KKR, TPG Capital and Thoma Bravo.
The wire service couldn’t learn the exact bid but it appears to be in the range of $45-$50 a share. Expecting a deal the stock is currently trading at $45 and change for a market cap of $6.51 billion.
The rival consortium could sweeten the pot or BMC could decide not to sell. But it appears it will try to finalize a deal in the coming days.