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Sovereign Wealth Funds Briefing - Categorized | Investment, Market

GIC among investors in $8.5bln buyout of US software firm

Posted on 08 May 2013

The Government of Singapore Investment Corp (GIC) has taken a stake in the third-largest private equity deal of the year. The investment firm is among a group of investors that will pay US$6.9 billion (S$8.5 billion) in cash to buy American company BMC Software and take it private, according to a statement released by BMC.
The price per share works out to US$46.25, less than 2 per cent over BMC’s closing price of US$45.42 on the Nasdaq exchange last Friday………………………………………..Full Article: Source


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