Investing.com – Micro Focus shares soared after agreeing a software merger with HP Enterprise.
Shares of the British firm were up 21% at 03:30 ET.
HPE to spin off and merge its non-core software assets with Micro Focus in deal worth $8.8 bn.
Micro Focus to pay $2.5 bn in cash to HPE; HPE shareholders to own 50.1% of combined company.
HPE focusing on areas such as networking, storage after split from PC maker HP Inc last year.