TECHNOLOGY - Nov. 3, 1998
* 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.
