- OpenText (OTEX) on track for acquistion of share capital of Micro Focus International (OTCPK:MCFUF) (MFGP) through an all-cash offer.
- The acquisition is expected to close on January 31, 2023, after all regulatory approvals.
- "With the shareholder approval received, successful financing completed and now, all regulatory conditions satisfied, we have a clear path towards closing the Acquisition," said OpenText CEO & CTO Mark J. Barrenechea. "We are excited to welcome Micro Focus customers, partners and employees to the OpenText family and helping our customers create the digital fabrics of the future."