I am wondering what Elliott's end game is. Are they simply trying to make stock they own more valuable, or do they have M&A ideas? Their actions thus far could lead in either direction.
Rick On Jun 20, 2012 9:55 AM, "pritch" <[email protected]> wrote: > Annual meeting is July 25, so I wouldn't expect any fireworks until around > then. The interesting thing is one of the votes on the agenda is: > > 5. TO VOTE ON A STOCKHOLDER PROPOSAL SUBMITTED BY ELLIOTT ASSOCIATES, L.P. > AND ELLIOTT INTERNATIONAL, L.P. REGARDING THE REPEAL OF PROVISIONS OR > AMENDMENTS OF THE COMPANY'S AMENDED AND RESTATED BYLAWS, AS SET FORTH IN > THE PROXY STATEMENT. > > While there's no other details that I can find, I'm assuming this is the > repeal of the poison pill amendment that was adopted by the board. Will be > interesting to see how the stockholders feel. > > ----- Original Message ----- > From: "Kelly Logan" <[email protected]> > To: [email protected] > Sent: Wednesday, June 20, 2012 9:11:52 AM > Subject: BMC proxy fight - Elliot Mgmt > > ** > > > Regarding the links that Joel noted (see below), does anyone else have > some insight into the accusations made by Elliot Mgmt? Personally, I’m glad > that BMC did not completely lose themselves in SaaS, what I see as another > ‘bubble’ technology that will be bursting in the next few years as > companies realize how little value they get from most SaaS vendors, and how > much they have to spend to do even the most basic customization. What are > opinions on the sales and other issues? Any sales/partners that would like > to chime in on this? > > > > ** > > This may explain the silence: > > http://www.informationweek.com/news/software/infrastructure/240002100 > > > http://www.marketwatch.com/story/bmc-software-responds-to-elliott-managements-letter-2012-05-21 > > > http://www.marketwatch.com/story/elliott-files-definitive-proxy-statement-for-bmc-software-2012-06-14 > > > http://blogs.wsj.com/deals/2012/06/12/bmc-software-fights-back-against-elliott-says-its-not-for-sale/ > > > > Joel > > Joel Sender [email protected] 310.829.5552 > > > > > > Kelly Logan , Sr. Systems Administrator (Remedy, Planview), GMS > > ProQuest | 789 E. Eisenhower Parkway, P.O. Box 1346 | Ann Arbor MI > 48106-1346 USA | 734.997.4777 > > [email protected] > > www.proquest.com > > > > ProQuest ...Start here. 2010 InformationWeek 500 Top Innovator > > > > P Please consider the environment before printing this email. > > > > This email and any files transmitted with it are confidential and intended > solely for the use of the individual or entity to whom they are addressed. > If you have received this email in error please notify the sender, and > delete the message from your computer . > > _attend WWRUG12 www.wwrug.com ARSlist: "Where the Answers Are"_ > > > _______________________________________________________________________________ > UNSUBSCRIBE or access ARSlist Archives at www.arslist.org > attend wwrug12 www.wwrug12.com ARSList: "Where the Answers Are" > _______________________________________________________________________________ UNSUBSCRIBE or access ARSlist Archives at www.arslist.org attend wwrug12 www.wwrug12.com ARSList: "Where the Answers Are"
