The Micro Focus Buy-Out: Vindication?

164 Views01 Sep 2022 08:38
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SUMMARY
  • After banging the drum on Micro Focus for several years, a suitor has arrived, with Canadian software firm OpenText offering to acquire the company for an Enterprise Value of $6b or $6.30 (532p)/share.
  • I have mixed emotions here and will try to sum up my thinking since the deal was announced.
  • Of course, it’s hard to be upset when one of your holdings doubles overnight.
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