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Micro Focus & HPE to merge.

Micro Focus Announces Intent to Merge with Hewlett Packard Enterprise’s Software Business Segment.

Strategic Combination Furthers Company’s Long-term Strategy to Maximize Mature Technology Investments and Accelerate Innovation Opportunities for Customers.

Micro Focus (LSE: MCRO.L) announced today (7th September 2016)  its intent to merge with HPE’s Software Business Segment in a transaction valued at approximately $8.8 billion. The merger is subject to customary closing conditions, including anti-trust clearances and shareholder approval and is expected to close in Q3 2017. Micro Focus and HPE also announced as part of the transaction the intent to enter into a commercial partnership naming SUSE as HPE’s preferred Linux partner.

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