Hewlett Packard Enterprise announced plans on Wednesday for a spin-off and merger of its non-core software assets into Britain’s Micro Focus International Plc (MCRO.L). Earlier in the month, Reuters reported that the company had been in talks with the private equity firm Thoma Bravo to sell the software unit for between $8 billion and $10 billion. As things now stand, this spinoff and merger is to unlock value worth $8.5 billion for its shareholders.

from Forbes – Tech http://ift.tt/2cfB44I
via IFTTT