(Alliance News) - Micro Focus International PLC on Friday said its proposed takeover by Open Text Corp is expected to complete on Tuesday next week, after the High Court of Justice in England & Wales approved the transaction for the entire share capital of Micro Focus. Read More
(Alliance News) - Micro Focus International PLC will be deleted from the FTSE 250 index, the FTSE Russell said on Thursday, amid its takeover by Open Text Corp. Read More
(Alliance News) - FTSE Russell said on Tuesday that Pacific Horizon Investment Trust PLC will be added to the FTSE 250 index, replacing Biffa PLC which is being removed. Read More
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. Read More
(Alliance News) - Micro Focus International PLC on Monday reported a dip in full-year revenue and earnings in the face of an increasingly volatile market backdrop. Read More
(Alliance News) - Micro Focus International PLC on Monday said that Open Text Corp has completed its debt financing commitments for Micro Focus's GBP5.1 million takeover. Read More
(Alliance News) - The UK government will launch a last-ditch effort to persuade SoftBank Group Corp to list its Arm unit in London, the Financial Times reported on Thursday. Read More
(Alliance News) - Stocks in Europe ended sharply lower on Friday as US Federal Reserve Chair Jerome Powell made price stability paramount, despite the "pain" that will be caused by moves to tame rampant inflation. Read More
Alliance News) - Stock market investors were exercising caution on Friday, in the build-up to a highly anticipated speech by US Federal Reserve Chair Jerome Powell, seeking clues on policy direction going into the next interest-rate setting meeting. Read More
(Alliance News) - The following is a summary of top news stories Friday. Read More
Alliance News) - Stock prices in London opened higher on Friday as investors look ahead to a speech by US Federal Reserve Chair Jerome Powell later in the day, while Micro Focus shares surged after agreeing to a takeover offer from a Canadian rival. Read More
(Alliance News) - Micro Focus International on Friday said it agreed with Canada's OpenText on the terms of a recommended cash acquisition that values the UK software firm, including its debt, at around GBP5.1 billion. Read More
(Alliance News) - Micro Focus International PLC on Friday said it agreed with Canada's OpenText Corp on the terms of a recommended cash acquisition that values the UK software company, including its debt, at around GBP5.1 billion. Read More
Alliance News) - Stock prices in London were seen opening higher on Friday following a rally in New York overnight, as markets look ahead to a speech by US Federal Reserve Chair Jerome Powell. Read More
(Alliance News) - The following London-listed shares received analyst recommendations Thursday morning and Wednesday: Read More
(Alliance News) - European markets failed to continue their strong start to the week on Wednesday, succumbing to inflationary and recessionary worries, with the mood dented further by less than reassuring comments from Federal Reserve Chair Jerome Powell. Read More
(Alliance News) - Recession worries were back to the fore on Wednesday after a couple days of respite for equities investors, with markets awaiting remarks from the head of the US central bank and mulling the implications of an acceleration in UK inflation. Read More
(Alliance News) - Micro Focus International PLC on Wednesday posted a lower revenue despite narrowing profits, citing inflation and a challenging recruitment environment. Read More
(Alliance News) - London shares snapped a two-day winning streak early Wednesday, as investors grew once again cautious over central bank tightening and recession risks, ahead of remarks from the head of the US central bank. Read More