(Alliance News) - Micro Focus International PLC noted Monday that Open Text Corp confirmed on Friday it would not be making an offer for the FTSE 250-listed software firm.
On Friday, Bloomberg cited people familiar with the matter as reporting Open Text was weighing a potential offer for Micro Focus. Shortly after, Open Text confirmed it was "not considering a potential acquisition of Micro Focus" in a statement.
On Monday, Micro Focus reiterated the statement by Canadian firm Open Text without elaborating further.
Shares in Micro Focus were 6.1.% lower at 1,021.80 pence in London on Monday.
By Ahren Lester; ahrenlester@alliancenews.com
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