Reuters: Financial Services and Real Estate: BMC Software rejects Elliott's proposal to sell co

Reuters: Financial Services and Real Estate Reuters.com is your source for breaking news, business, financial and investing news, including personal finance and stocks. Reuters is the leading global provider of news, financial information and technology solutions to the world's media, financial institutions, businesses and individuals. // via fulltextrssfeed.com

BMC Software rejects Elliott's proposal to sell co May 14th 2012, 11:44 Mon May 14, 2012 7:44am EDT May 14 (Reuters) - BMC Software Inc said U.S. hedge fund group Elliott has urged a sale of the company and acquired more than 5 percent stake in the business management software maker. BMC said its board rejected Elliott's proposal and said it was not in the best interest of the stockholders. The company also adopted a stockholder rights plan to fight any unsolicited attempt to acquire it.

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