Barclays Share News (BARC)

* STOXX 600 down 0.7 pct

* Micro Focus sinks 55 pct after revenue warning

* Klepierre's offer to Hammerson rebuffed

* Hammerson +26.2%, Klepierre -3.5%

* Tech worst-performing sector(Updates prices, adds details, quotes)

By Helen Reid

LONDON, March 19 (Reuters) - European shares fell on Mondayas investors remained cautious ahead of an expected Fed ratehike, while earnings and M&A took centre stage with softwarecompany Micro Focus sinking and a bid for Hammerson boostingcommercial real estate stocks.

Micro Focus dropped 55 percent to a three-year lowafter it cut its annual revenue forecast and its CEO quit.Revenue was hit by lower licence income and issues with itspurchase of Hewlett Packard Enterprise assets.

The firm's shedding of more than half its market valuecaused Europe's tech sector index to tumble 2.4 percent,its worst fall since early February when global markets sank.

A scuppered cross-border commercial real estate deal alsomade waves on Monday, with Hammerson soaring 27 percentto the top of the STOXX 600 after saying it had rebuffed atakeover offer from France's Klepierre.

The offer, which strategists said would have helpedKlepierre gain a foothold in the UK market, valued Hammerson'sshares at a 40.7 percent premium to Friday's closing price.

Before today's surge Hammerson's shares were down 19.8percent year-to-date, making them attractive to potentialsuitors. The rejection sent Klepierre shares down 3.5 percent.

"Klepierre owns and operates 100 shopping centres in 16countries across Europe and the quality has been improved overthe past 5 years, with the UK the missing part of the jigsaw(the same could be said of Unibail)," said Liberum strategists,referring to Klepierre competitor Unibail Rodamco.

Europe's main benchmark, the STOXX 600 index, fell0.7 percent as investors held their breath ahead of Wednesday'sU.S. Federal Reserve meeting which marks the debut for new FedChair Jerome Powell, and a likely interest rate hike.

Eyes were also on a news conference on Brexit negotiations,hastily scheduled by the European Commission for 1145 GMT, asspeculation swirled over a potential interim deal ahead of theEU Summit later in the week.

Disappointing results weighed on German consumer goods firmHenkel, which fell 5.1 percent after it said thefirst quarter was off to a slow start due to deliverydifficulties in North America.

While Hammerson's surge higher drove the European realestate sector index up 0.8 percent to the top spot,tech stocks were the worst performers.

Even before Micro Focus' dramatic drop, European investors'sentiment had been turning more cautious on the tech sectorwhich has led stellar gains across global markets.

Unicredit analysts on Monday said they had downgraded thetech sector to 'neutral' and upgraded utilities to overweight,arguing investors should increase their share of defensivesectors with economic indicators at elevated levels.

German food processing machinery maker GEA Groupgained 4 percent after the firm said its CEO Juerg Oleas was tostep down in April 2019 after more than a decade in office.

Sweden's Dometic fell 3.5 percent after therecreational vehicle products firm was downgraded to"underweight" by Morgan Stanley, whose strategists said the U.S.RV market is overheating.

(Reporting by Helen Reidediting by Tom Pfeiffer and Janet Lawrence)