Together with Micro Focus International plc (LSE: MCRO), OpenTextTM (NASDAQ: OTEX), (TSX: OTEX), announced today that all regulatory requirements pertaining to the all-cash offer by OpenText to acquire the entire issued and to be issued share capital of Micro Focus as announced on August 25, 2022 (the Acquisition) have now been satisfied. This was done through its wholly-owned subsidiary, Open Text UK Holding Limited (Bidco). The Acquisition is anticipated to close on January 31, 2023, subject to the Court’s approval of the Scheme, which is anticipated to happen on January 27, 2023.
An updated schedule for concluding the Acquisition is included in the joint announcement, a copy of which can be seen at https://www.microfocus.com/en-us/investors. You can see the Acquisition’s terms and conditions in full at https://investors.opentext.com.
According to OpenText CEO & CTO Mark J. Barrenechea, “With the shareholder approval received, successful financing completed, and now, all regulatory prerequisites satisfied, we have a clear road towards concluding the Acquisition.” We are thrilled to welcome Micro Focus clients, associates, and staff members to the OpenText family and support our clients in building the digital infrastructure of the future.

Source: Prnewswire