Jun 25, 2009 - 1427 days ago
Borland entertains counter offer to Micro Focus deal
A deal reached last month in which the former Silicon Valley software company Borland agreed to be acquired by the British business software developer for $1 a share is now on hold as Borland’s board now entertains a $1.25 per share bid from an undisclosed “Company A,” according to a filing Borland made Thursday with the SEC.
Representatives of “Company A” began inspecting the company’s books today in Austin, where Borland is now headquartered. They expect their due diligence will be completed within two weeks.
