Get Live Data
Less Ads, More Data, More Tools Register for FREE

Latest Share Chat

  2. Share Prices
  3. MCRO.L Share Price
  4. MCRO.L Share News
  5. IN BRIEF: Open Text eyes Micro Focus takeover in first quarter of 2023

Pin to quick picksMCRO.L Share News (MCRO)

MCRO.L Information
  • There is currently no data for MCRO

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

IN BRIEF: Open Text eyes Micro Focus takeover in first quarter of 2023

Thu, 17th Nov 2022 14:10

Micro Focus International PLC - Berkshire-based global enterprise software firm - Potential buyer Open Text Corp expects takeover of Micro Focus to close in the first quarter of calendar year 2023. Open Text adds that it fully syndicated its USD3.59 billion term loan facility with an annual interest equal to adjusted terms secured overnight financing rate plus 3.5%. Further, it prices an offering of USD1 billion of 6.9% senior secured fixed rate notes due 2027 in connection with the acquisition.

In August, Micro Focus agreed to be taken over by Ontario, Canada-based Open Text for GBP5.1 billion in a takeover that includes Micro Focus's debt.

Current Micro Focus stock price: 524.40 pence, down 0.1% on Thursday

12-month change: up 27%

By Tom Budszus; tombudszus@alliancenews.com

Copyright 2022 Alliance News Limited. All Rights Reserved.

More News
5 Sep 2019 09:29

REFILE-UPDATE 2-Strong sterling knocks FTSE 100 despite trade lull

(Reinstates dropped word 'said' in para 7)* FTSE 100 down 0.6%, FTSE 250 up 0.2%* Exporter stocks fall as pound surges* CYBG tanks on mid-caps* Online retailer Boohoo jumps after forecast upgrade* Industrials up on upbeat forecast from European peers...

Read more
5 Sep 2019 09:29

UPDATE 2-Strong sterling knocks FTSE 100 despite trade lull

* FTSE 100 down 0.6%, FTSE 250 up 0.2%* Exporter stocks fall as pound surges* CYBG tanks on mid-caps* Online retailer Boohoo jumps after forecast upgrade* Industrials up on upbeat forecast from European peers (Adds news, quote, updates closing price...

Read more
5 Sep 2019 09:29

UPDATE 1-Stocks trading ex-dividend knock FTSE 100 lower; industrials rise

* FTSE 100 down 0.3%, FTSE 250 dips 0.1%* Ex-dividend trading offsets gains in industrials* CYBG tanks on mid-caps* Online retailer Boohoo jumps after forecast upgrade (Adds news items, analyst comments, updates share prices)By Shashwat AwasthiSept ...

Read more
4 Sep 2019 17:52

TOP NEWS: Marks & Spencer's 35 Year Spell In FTSE 100 Comes To An End

LONDON (Alliance News) - FTSE Russell confirmed on Wednesday that the following changes will take effect to its UK indices from the market open on Monday, September 23, after completing its 100 of

Read more
3 Sep 2019 09:40

BROKER RATINGS SUMMARY: Deutsche Bank Starts Taylor Wimpey At Buy

(Alliance News) - The following London-listed shares received analyst recommendations Tuesday morning:----------FTSE 100----------DEUTSCHE BANK INITIATES TAYLOR WIMPEY

Read more
2 Sep 2019 16:52

LONDON MARKET CLOSE: UK Election Speculation Sinks Pound, Lifts FTSE

(Alliance News) - The FTSE 100 rocketed higher on Monday, far outpacing the gains recorded elsewhere in Europe, as London's internationally-exposed index benefited from the pound's knocked

Read more
2 Sep 2019 08:54

LONDON MARKET OPEN: Pound Struggles Amid Brexit Trouble; Stocks Higher

(Alliance News) - Stocks in London were higher early Monday but the pound continued to struggle amid the ongoing battle between UK Prime Minister Boris Johnson and his own Conservative party over

Read more
2 Sep 2019 08:43

TOP NEWS: Micro Focus Chair Appointed As Chair Of De La Rue As Well

(Alliance News) - De La Rue PLC said Monday it has appointed Micro Focus International PLC Executive Chair Kevin Loosemore as non-executive chair designate with immediate effect.Micro Focus

Read more
2 Sep 2019 07:49

LONDON MARKET PRE-OPEN: AstraZeneca Heart Trials See Positive Results

(Alliance News) - Stocks in London were set for to open slightly higher Monday, after a slew of tariffs imposed by the US government on Chinese goods came into effect on Sunday but no new blow-ups

Read more
30 Aug 2019 17:12

LONDON MARKET CLOSE: Trade Hope Propels FTSE To Daily, Weekly Gains

(Alliance News) - Stock prices in London closed higher on Friday amid hopes the escalating tit-for-tat tariff war between the US and China was on hold, leaving the blue chip index higher for the a

Read more
30 Aug 2019 12:12

LONDON MARKET MIDDAY: Stocks Up As Hope Builds For Trade War Pause

(Alliance News) - Stock prices in London were higher midday Friday amid optimism that the punishing tit-for-tat tariff war between the US and China was set to pause.The FTSE 100 index was a

Read more
29 Aug 2019 17:25

LONDON MARKET CLOSE: Gains As China Calms Trade War And Italy Gets PM

(Alliance News) - Stock prices in London closed higher on Thursday, the global investment mood lifted after China sought to reduce trade tensions with the US and a new coalition government was in

Read more
29 Aug 2019 11:54

LONDON MARKET MIDDAY: Stocks Climb As China Appeals For Trade War Calm

(Alliance News) - Soothing words from China about its trade conflict with the US helped markets rise on Thursday, with the FTSE 100 racking up over 80 points despite shares in Micro Focus diving a

Read more
29 Aug 2019 10:28

WINNERS & LOSERS SUMMARY: Micro Focus And Amigo Sink On Outlook

(Alliance News) - The following stocks are the leading risers and fallers within the main London indices on Thursday.----------FTSE 100 - WINNERS----------Smiths up -

Read more
29 Aug 2019 08:34

LONDON MARKET OPEN: Micro Focus And Amigo Sink On Outlook Downgrades

(Alliance News) - The FTSE 100 was trading in the green early Thursday despite the share price of constituent Micro Focus International slumping by a third, as the pound continued to suffer from a

Read more
111213141516171819

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.