Micro Focus International Plc rose to the highest price in more than four months after Chairman Kevin Loosemore said he’s “not uncomfortable” with an estimate that the U.K. software provider may return as much as $320 million to investors over the next two years.
Micro Focus International Plc is luring private-equity buyers with the cheapest valuation for a non-U.S. business software provider even as the 50-year-old computer code it was founded to translate becomes obsolete.
Micro Focus International Plc , a U.K. software provider whose chief executive officer quit last month, rose to the highest in three months in London trading after saying two U.S. private equity firms were among its suitors.
Gevo Inc., a company involved developing the technology for biofuels, will ask the U.S. Patent and Trademark Office to invalidate a patent issued to Butamax Advanced Biofuels LLC, the Englewood, Colorado-based company said in a statement.
Micro Focus International Plc , the U.K. business software maker whose clients include Tesco Plc, dropped the most in more than four years in London trading after reducing its full-year sales forecast.