23rd Oct 2015 10:51
LONDON (Alliance News) - Wizard Parent LLC said Friday it sold 8.5 million shares in software company Micro Focus International PLC, or a 4% stake, for 1,150 pence each, or a total of GBP97.8 million.
Shares in Micro Focus were trading down 4.9% at 1,171.00 pence Friday morning.
Following this sale Wizard retains a 26.7% interest in the FTSE 250 company, or 58.1 million shares.
UBS Ltd acted as sole global co-ordinator and joint bookrunner in connected to the placing. Jefferies International Ltd and Numis Securities Ltd acted as joint bookrunners.
By Hana Stewart-Smith; [email protected]; @HanaSSAllNews
Copyright 2015 Alliance News Limited. All Rights Reserved.
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