Thursday, September 8, 2016

UK's Micro Focus and Hewlett Packard agree £6.6bn software deal

Shares in Berkshire-based firm surge 21% after it announces one of the biggest takeovers by a UK company in recent years

One of Britain’s largest technology firms has announced a multibillion-pound deal to buy part of Hewlett Packard’s business in what will create one of the world’s leading software companies.

Hewlett Packard Enterprise (HPE) will spin-off and merge its non-core software assets with Berkshire-based Micro Focus International in a deal worth $8.8bn (£6.6bn).

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from Mergers and acquisitions | The Guardian http://ift.tt/2caQXqD

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