The former Silicon Valley software company Borland has gotten the price offered for it by the British business software developer Micro Focus increased 50 percent. The increase came about thanks to the emergence of a rival bidder Borland identified in a filing last week only as “Company A” k that offered to pay $1.25 a shares, 25 percent above the original Micro Focus offer.
Representatives of “Company A” began Read the rest of this entry »
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 Read the rest of this entry »
Borland, the one-time Microsoft rival originally founded in 1983 in a space over a garage in Scotts Valley , has agreed to be acquired by Micro Focus for $1 a share. Excluding Borland’s $8 million of net cash and short term investments, the deal is valued at $67 million. The purchase price represented a 25 percent premium to Borland’s 80-cent per-share price the day before the deal was announced.
The company was founded by Phillipe Kahn, Read the rest of this entry »
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