Elliot Presses Case for Sale of BMC

Elliott Management, the hedge fund that is pushing BMC Software Inc. to sell itself, renewed its demand Thursday, with a presentation making the case for a sale and listing potential acquirers.

Elliott also suggested other options for Houston-based BMC to boost the value of its stock, including taking on debt or using cash to buy back shares, or paying a dividend.

Elliott outlined its concerns in a 36-page presentation filed with regulators Thursday morning. It also sent a letter to BMC’s board, in which it said other BMC shareholders agree with its view and “like us, remain frustrated by the …

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