13th May 2016 06:43
LONDON (Alliance News) - Investment vehicle Wizard sold the majority of its stake in software company Micro Focus International PLC via a placing, raising GBP362.0 million in the process, Numis Securities Ltd said Friday.
Wizard sold 24.1 million Micro Focus shares, 11% of the company's equity, in the placing at 1,505.00 pence per share. Shares in the company closed at 1,505.00p on Thursday.
Following the sale, which was run by Numis together with Credit Suisse Securities (Europe) Ltd, Wizard will hold a 2.6% stake in Micro Focus.
By Sam Unsted; [email protected]; @SamUAtAlliance
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