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Micro Focus +12% on reported acquisition talks

Apr. 28, 2020 12:30 PM ETOpen Text Corporation (OTEX) StockOTEXBy: Brandy Betz, SA News Editor17 Comments
  • Micro Focus (NYSE:MFGPgains 12.1% after TMT Finance says the company is having go-private talks with potential buyers.
  • TMT sources say the talks started after Micro Focus failed to find a buyer for its carved out HPE assets.
  • Source: Bloomberg.
  • Last October, reports circulated that Open Text was considering a Micro Focus takeover bid.

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