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Bain linked to Micro Focus bid

  • John Bakie
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Bain Capital is poised to make a bid for UK-based IT provider Micro Focus, in a deal that could be worth up to ТЃ900m, according to reports.

Micro Focus revealed last week that it had received a takeover offer, and Bain is now seen as one of the most likely bidders, though trade buyers HP and IBM have also been rumoured to be potential acquirers of the firm.

News of the offer sent Micro Focus shares up nearly 7% on the day the approach was announced.

Berkshire-based Micro Focus specialises in helping customers upgrade legacy IT systems and test applications.

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