Actionable Stock Market Trading Newswire. Built for Traders, by Traders.
All news is property of their respective owners.

Why Micro Focus Shares Are Higher By 95% Friday

Micro Focus International PLC – ADR (NYSE: MFGP) shares are trading higher by 95.53% to $6.12 Friday morning after the company reached an agreement with OpenText to be acquired for $6 billion.
byHenry Khederian
August 26, 2022
1 minute read
Total
0
Shares
0
0
0
0
0
0

Micro Focus International PLC – ADR (NYSE:MFGP) shares are trading higher by 95.53% to $6.12 Friday morning after the company reached an agreement with OpenText to be acquired for $6 billion.

About the Terms of the Acquisition:

  • Total purchase price of $6.0 billion, inclusive of Micro Focus' cash and debt
  • Total purchase price is 2.2x Micro Focus' pro forma TTM revenues
  • Total purchase price is 6.3x Micro Focus' pro forma TTM adjusted EBITDA
  • Expected cost synergies of $400 million, including Micro Focus' previously announced cost savings program of $300 million (net of inflation), as well as $100 million in additional cost synergies…Read More

See Also: If You Invested $1,000 In Tesla Stock When Elon Musk Was Sued By The SEC In 2018, Here's How Much You'd Have Right Now

According to data from Benzinga Pro, Micro Focus has a 52-week high of $6.58 and a 52-week low of $3.03.

 
Total
0
Shares
Share 0
Tweet 0
Share 0
Share 0
Share 0
Share 0
Related Posts
Read More

Watching Lumentum, Traders Earlier Circulated Analyst Ming-Chi Kuo Tweet, “Sony will replace Lumentum/Win Semi as the exclusive ToF VCSEL supplier for iPhone 15 Pro and Pro Max. Lumentum/Win Semi will face long-term structural risks in the VCSEL market…

By Happy Mohamed
Today, 2:13 AM
https://twitter.com/mingchikuo/status/1629155411382370307 (1/7) Sony will replace Lumentum (design) / Win Semi (production) as the exclusive ToF VCSEL supplier for iPhone 15 Pro and Pro Max. Lumentum/Win Semi will face

AAPL