MFGP - The Buzz Show: Micro Focus (NASDAQ: MFGP) to be Acquired by OpenText for USD 6 Billion

FinancialBuzz.com’s latest The Buzz Show: Featuring Our Corporate News Recap on “Micro Focus strikes deal with OpenText worth $6 Billion”

OpenText announced that it has reached agreement on the terms of a recommended all-cash offer to be made by Open Text Corporation (the Company), through its wholly-owned subsidiary, OpenText UK Holding Limited (Bidco), to acquire the entire issued and to be issued share capital of Micro Focus (NYSE: MFGP) at a price of 532 pence per share (the Acquisition), implying an enterprise value of approximately $6.0 billion on a fully diluted basis. The terms and conditions of the Acquisition are set out below and in a joint announcement released by OpenText and Micro Focus (the Announcement) in the UK today under Rule 2.7 of the UK City Code on Takeovers and Mergers (the Takeover Code). Capitalized terms not defined in this press release have the meanings given in the Announcement.

Micro Focus is one of the world’s largest enterprise software providers. We deliver mission-critical technology and supporting services that help thousands of customers worldwide manage core IT elements of their business so they can run and transform—at the same time.

For more information, please visit: Micro Focus International PLC

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