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OpenText On Track to Buy Micro Focus for £1.8 Billion

OpenText receives all regulatory approvals with expected closing on January 31, 2023.

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OpenText is pleased to welcome Micro Focus customers, partners and employees to its extended family of companies.

California, TechnoBusiness US (English Edition) OpenText (NASDAQ: OTEX; TSX: OTEX), on Thursday (12/22) announced together with Micro Focus International plc (LSE: MCRO) that all regulatory provisions relating to cash offerings by OpenText, through its wholly owned subsidiaries, Open Text UK Holding Limited (Bidco), to acquire all of the issued and to be subscribed share capital of Micro Focus as announced on August, 25 2022 (Acquisition), has now been fulfilled.

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The move is subject to the Court approving the Scheme, which is expected to occur on January, 27 2023, The Acquisition is expected to close on January, 31 2023.

OpenText is excited to welcome Micro Focus customers, partners and employees to its extended family of companies.

The joint announcement, a copy of which is available on the company’s website, contains the latest timetable for closing the Acquisition. Full details and terms and conditions of the Acquisition can be found at https://investors.opentext.com.

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“With shareholder approval received, financing successfully completed and now, with all regulatory requirements met, we have a clear path to closing the Acquisition,” said OpenText CEO & CTO Mark J. Barrenechea.

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OpenText is excited to welcome Micro Focus customers, partners and employees to its extended family of companies and help customers create the digital structure of the future.

—Philips C. Rubin, TechnoBusiness US Foto: OpenText

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