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The enterprise software company received a compelling buyout offer from a competitor.
Source: Shutterstock Micro Focus (NYSE: MFGP ) stock is rocketing higher on Friday as investors react to news of an acquisition deal with Open Text (NASDAQ: OTEX ). That deal will see Open Text acquiring MFGP stock at a price of $6.30 per share.
U.S. GDP fell at a 0.9% annual rate, making it the second consecutive quarter of negative GDP growth. Recession, slower growth, and inflation fears can drive companies to slash dividends.
These 6 oversold stocks have plenty of gas in the tank. They are near trough prices, especially if the recession will be mild.
The enterprise software company's declining revenue spooked some investors, but its free cash flow is looking good.
Micro Focus International plc (NYSE:MFGP ) Q2 2022 Earnings Conference Call June 22, 2022 8:30 AM ET Company Participants Stephen Murdoch - Chief Executive Officer Matt Ashley - Chief Financial Officer Conference Call Participants Charles Brennan - Jefferies Will Wallace - Numis Securities Operator Good afternoon, and good morning everyone. Today's earnings call covers the Six Months Ended the 30th of April 2022.
2017 Merger with HPE's software unit was a mistake that has yet to be ironed out. Share price continues to get beaten up, but is the 6% dividend yield an opportunity or a trap?