TECHNOLOGY - Nov. 3, 1998
- Share via
* BMC Software Inc., a Houston-based maker of software that monitors companies’ networks of mainframe and personal computers, plans to buy rival Boole & Babbage Inc. of San Jose for about $877 million in stock to extend its international business. BMC would pay 0.675 share for each share of Boole & Babbage. The terms value Boole & Babbage at $31.09 a share based on BMC’s closing price of $46.06, down $2 in Nasdaq trading. Boole & Babbage shares rose $3.50, also on Nasdaq, to close at $30.13, its highest stock price since the company went public in 1985.
More to Read
Inside the business of entertainment
The Wide Shot brings you news, analysis and insights on everything from streaming wars to production — and what it all means for the future.
You may occasionally receive promotional content from the Los Angeles Times.