Micro Focus Confirms Open Text Will Not Make Takeover Offer For Firm

(Alliance News) - Micro Focus International PLC noted Monday that Open Text Corp confirmed on ...

Alliance News 21 October, 2019 | 8:58AM
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(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

Copyright 2019 Alliance News Limited. All Rights Reserved.

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Securities Mentioned in Article

Security Name Price Change (%) Morningstar
Rating
Micro Focus International PLC 419.70 GBX 3.10 -

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