The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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Just watch the counter of the number of trades going through - mesmerising!
Wasn't there an option warranted in the tie up with AWS for x million shares at I think it was 448 or 478p?
What if they exercised that option now?
Where would those shares come from, are they existing retained by treasury?
Or would more have to be issued which wouldn't be possible because of the takeover?
Looks like they listened to my Tuesday post - whilst this is the best day ever for me - still think the sp is undervalued and now that MCRO is in play, perhaps we'll see another bidder come forward? Some decent results and confirmation of revenue growth would still be helpful in this situation.
Others might offer better price IMO. We will have to be patient
How to feel? Mainly angry that the exec have turned an £8bn+ market cap company into a sub-£2bn company and, by recommending this offer, appear to be admitting it amounts to more than their turnaround plans were going to deliver.
Is there any hope this offer will crystalise a better one from another suitor?
Personally I'll take the money now.
The last revenue figures were truthfully not good at all.
No chance of that
Could there be the strong possibility of a bidding war about to commence? Might Amazon be a prime candidate given their involvement? Makes sense and I think many of us know we're being robbed by this offer. How sweet it would be to see Amz or another player swoop in with an offer that more fully reflects the real value of MCRO, like say £10 or above.
What happens if you hold are the shares automatically sold at the offer price if the deal goes through?
Very helpful Here’s
So what do I do with my shares now? Sell now or hold? I’m confused.
PS imho the next buy out is PAYP
Is the price in auction? Can't buy or sell at the moment?
auction over running @ 518
To be honest it still feels cheap @532 for me
Read the sentence
OpenText would be “one of the world’s largest software and cloud businesses, with a tremendous marquee customer base, global scale and comprehensive go-to-market. Micro Focus brings meaningful revenue and operating scale to OpenText, with a combined total market of $170 billion.”
They are paying $6bn these people arent stupid. Unfortunately 236p is a reflection of UK Plc at the minute more than MCRO debt I feel
I'm lucky enough to make a bit with the sale, though I'm not as happy as some. It was a nice divi stock that if 'ever' run optimally could have returned significantly more than the offer price.
Canadian software firm to acquire Micro Focus in $6bn deal
The Micro Focus announcement comes a day after Schneider Electric, of France, said it was considering making a full bid for Aveva
The Micro Focus announcement comes a day after Schneider Electric, of France, said it was considering making a full bid for Aveva
CHARLES PLATIAU/REUTERS
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One of Britain’s few remaining London-listed technology groups will fall into foreign ownership after OpenText, the Canadian software company, said last night that it would acquire Micro Focus International in a deal valued at $6 billion, including debt.
OpenText will pay 532p in cash for each Micro Focus share and the deal is expected to be completed in the first quarter of 2023. Shares in the Berkshire-based company closed down ½p, or 0.2 per cent, at 267p yesterday before the announcement was made, valuing it at almost £900 million.
Micro Focus helps customers to maintain and integrate legacy IT technology, a business it has grown by acquiring legacy technology such as mainframe computer software used by banks, retailers and airlines. The FTSE 250 group was founded in 1976 and was floated on the stock market in 2005.
OpenText, one of Canada’s largest software makers, said that it expected to generate cost synergies of $400 million after the deal closes. Its Nasdaq-listed shares fell by $1.77, or 4.7 per cent, to $35.50 in after-hours trading on Wall Street, valuing it at about $10 billion.
The Micro Focus announcement came a day after Schneider Electric, of France, said it was considering making a full bid for Aveva, which produces software for huge engineering projects. The French group already has a 59 per cent stake.
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Avast, the cybersecurity software group, is in the process of leaving London’s premier index after agreeing to a takeover bid by NortonLifeLock, of the United States, for £7.1 billion.
If Aveva does leave the FTSE 100, there will only be two companies in the index classified in the software and computer services category — Sage and Auto Trader.
Mark Barrenechea, chief executive of OpenText, said that after the deal OpenText would be “one of the world’s largest software and cloud businesses, with a tremendous marquee customer base, global scale and comprehensive go-to-market. Micro Focus brings meaningful revenue and operating scale to OpenText, with a combined total market of $170 billion.”
Thx VOG..I just feel for those short this morning
I mean in a nice tingly good way ;)
..500 in auction
YGEN........another takeover there very likely!
Didn't see this coming but I must say Micro was a long term hold for me based on current SP and div.
I'd suggest Yu Group. Cheap and growing and a very well-run business utilities supplier. I expect it to be a winner from the current energy crisis. Centamin for it's dividend and growth potential. Or a bombed out Ukraine based companyblike Ferexpro. Alternatively, travel stocks have still not recovered from covid
MarkBellUK Good for you , well happy for all holders.
lol now @ 560
305 in pre market auction??
O and forgot to say F@_K you nuri123a , you have cost a lot of PI's money with your clap trap statements on this board. Rot in the sewer ware you belong.
CMC THG