Davis Polk advised Morgan Stanley & Co. LLC in connection with a variable maturity accelerated share repurchase transaction it entered into with BMC Software, Inc., under which BMC will repurchase $750 million of its common stock. The total number of shares to be repurchased will be determined over a period that is expected to last no longer than approximately seven months.
Tens of thousands of IT organizations around the world – from small and mid-market businesses to the Global 100 – rely on BMC Software to manage their business services and applications across distributed, mainframe, virtual and cloud environments. BMC helps customers cut costs, reduce risk and achieve business objectives with the broadest choice of IT management solutions, including industry leading Business Service Management and Cloud Management offerings.
The Davis Polk corporate team included partners John M. Brandow and Mark M. Mendez and associate Barry J. Gewolb. All members of the Davis Polk team are based in the New York office.
