Shares in Micro Focus jump 90% on news of £5bn Canadian takeover deal
by Kalyeena Makortoff from World news | The Guardian on (#62Y20)
One of last UK tech firms listed in London on course to be snapped up by Nasdaq-listed OpenText
One of the few remaining British technology firms listed in London is to pass into foreign ownership after a Canadian software provider on Thursday night announced a 5bn deal.
Shares in IT firm Micro Focus surged more than 90% on Friday after it revealed it was set to be snapped up by OpenText in a deal expected to be completed in the first quarter of 2023.
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