15th Jul 2015 07:04
LONDON (Alliance News) - Wizard Parent LLC on Wednesday sold a GBP270 million stake in FTSE 250-listed software company Micro Focus International PLC via a share placing.
Wizard sold 20 million Micro Focus shares for 1,350 pence per share. Following the deal, Wizard will own 66.6 million shares in the company, or a 30.7% stake. Micro Focus shares closed Tuesday at 1,434.00p.
The placing was run by Morgan Stanley & Co and UBS ltd as joint global coordinators and joint bookrunners. Merrill Lynch International and Numis Securities also worked on the deal.
By Sam Unsted; [email protected]; @SamUAtAlliance
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