Deals
Open Text Weighs Takeover Offer for Rival Sofware Firm Micro Focus
- Micro Focus conducts strategic review including possible sale
- Open Text says it isn’t considering acquisition of Micro Focus
Photographer: Dhiraj Singh/Bloomberg
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Canada’s Open Text Corp. is weighing a takeover bid for rival software firm Micro Focus International Plc, according to people familiar with the matter.
Open Text is speaking to potential advisers about whether to make an offer, said the people, who asked not to be identified because the matter is private. No final decisions have been made and Open Text could opt to not proceed with an offer, they said.