Deals
Micro Focus to Buy Attachmate in $1.2 Billion Share Deal
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Micro Focus International Plc agreed to buy U.S.-based business-software provider The Attachmate Group Inc. to approximately triple the size of its business.
Micro Focus shares jumped as much as 11 percent in London. The company will pay about 729.6 million pounds ($1.2 billion) in shares to Attachmate’s parent, Wizard Parent LLC, Newbury, England-based Micro Focus said today. That gives Wizard’s owners Francisco Partners LP, Golden Gate Capital, Elliott Management Corp. and Thoma Bravo LLC a stake of about 40 percent in the enlarged company.