NEW YORK, May 15 (Reuters) – Corvex Management LP, which was
founded by former Carl Icahn veteran Keith Meister, is expected
to reveal it has taken a stake in technology company BMC
Software Inc, sources close to the matter said on
Tuesday.
Corvex’s position in BMC could add to the pressure the
company has been facing from hedge fund Elliott Management,
which has launched a proxy battle and is pushing BMC to sell
itself. BMC has a market value of $7.2 billion.
The size of Corvex’s stake could not be determined and it
could not be learned whether the hedge fund would agitate for
change at the company. The stake is expected to be revealed
Tuesday in a filing with U.S. regulators, the sources said.
Corvex and BMC Software declined to comment.
(Reporting By Nadia Damouni; Editing by Paritosh Bansal;
Editing by Gerald E. McCormick)
