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  "documentTitle": "BMC Software (BMC)",
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  "authorName": "Elliott Management",
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  "presentationDate": "2012-05-31 00:00:00",
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      "text": "BMC offers a significant accretion opportunity to a potential strategic acquirer. Analysis presented below based on very conservative assumptions: Does not assume any synergies (not even public company cost savings). Assumes transaction funded with only domestic cash available on BMC's balance sheet and new debt (cost of debt of 6%). Assumes no cash available from acquirer's balance sheet.",
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      "text": "Source: Capital IQ, Thomson Reuters. Note: Market data as of 05/25/12, balance sheet data as of last reported quarter",
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