OpenText to Acquire Micro Focus International plc
Creating One of the Largest Software & Cloud Businesses Enabling Digital Transformations
Expands Information Management Market Opportunity to $170 Billion
WATERLOO, ON, Aug. 25, 2022 /PRNewswire/ -- OpenText™ (NASDAQ:OTEX), (TSX:OTEX) today announced that it has reached agreement on the terms of a recommended all-cash offer to be made by Open Text Corporation (the Company), through its wholly-owned subsidiary, OpenText UK Holding Limited (Bidco), to acquire the entire issued and to be issued share capital of Micro Focus (LSE: MCRO) and (NYSE (ADS): MFGP) at a price of 532 pence per share (the Acquisition), implying an enterprise value of approximately $6.0 billion on a fully diluted basis. T
