22nd Oct 2015 16:21
LONDON (Alliance News) - Wizard Parent LLC Thursday announced plans to sell around a 4% stake in software company Micro Focus International PLC, or around 8.5 million shares in the company.
The sale will take place via an accelerated bookbuild, co-ordinated by UBS Ltd. Jefferies International Ltd and Numis Securities Ltd are also acting a joint bookrunners in connection with the placing.
Assuming all the shares are sold, Wizard will retain an around 27% stake in the company.
The price of the placing will be announced at the close of the bookbuild process.
Shares in Micro Focus closed down 0.5% at 1,23.00 pence Thursday.
By Hana Stewart-Smith; [email protected]; @HanaSSAllNews
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