By Lisa Kerner
Charlotte, N.C., March 17 - BMC Software Inc. entered into a definitive agreement to acquire BladeLogic, Inc. for $28.00 cash per share in a deal valued at approximately $800 million.
A tender offer by BMC for BladeLogic's shares is expected to begin within 10 days, followed by a second-step merger, according to a BMC news release.
BladeLogic's board unanimously recommended its stockholders accept the offer.
The merger will combine BMC's BSM platform with BladeLogic's automation solutions, the release stated.
BMC said it expects the transaction to "significantly accelerate" the company's top-line growth and to be slightly dilutive to non-GAAP earnings in fiscal year 2009.
Houston-based BMC provides enterprise management solutions.
BladeLogic, based in Lexington, Mass., provides data center automation software.
| Acquirer: | BMC Software Inc.
|
| Target: | BladeLogic, Inc.
|
| Announcement date: | March 17
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| Transaction total: | $800 million
|
| Price per share: | $28.00
|
| Expected closing: | Upon approvals
|
| Stock price of target: | Nasdaq: BLOG: $23.61 on March 17
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