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MFGP - Micro Focus International: Strategic Review Could Be Good News For Shareholders
Micro Focus Intl PLC ADS each representing One Ord Sh
In a recent update, Micro Focus (MFGP) revised its revenue guidance downwards; an announcement that sent its shares plunging over 30%. The company has found it tough since it acquired Hewlett Packard Enterprise (HPE) software assets in an $8.8 billion deal in 2017. This has prompted the Board to accelerate a strategic review of operations, which includes strategic, operational, and financial alternatives. This leaves the door ajar for an array of outcomes, including potential value crystallization of its portfolio assets.
Strategic review could be good news for shareholders