SD TIMES BLOG
drubinstein

A knockout blow for Borland?

by David Rubinstein 07/06/2009 12:26 PM EST

In the wake of a mystery suitor's $1.25-per-share offer for Borland, Micro Focus has upped its offer for the company to $1.50 in an apparent attempt to blow the other suitor out of the water. While an offer of $1.35 would have satisfied Borland from a price standpoint, Micro Focus is clearly sending a signal that it wants to chase off this unnamed third party and get the deal done.

An anonymous financial analyst said that while the new offer sends a strong message, it doesn't really have much impact on the final price of the deal, noting that every 10-cent increase in share price translates to about $7.5 million. He said, "That doesn't seem like much when Micro Focus is guiding analysts to (approximately) $40 million of annual synergies in the long term."

Borland's shareholders are set to vote on the deal July 22, so we'll see if the mystery suitor increases its offer before then, or drops out of the chase.

Be the first to rate this post

  • Currently 0/5 Stars.
  • 1
  • 2
  • 3
  • 4
  • 5

Share this link: http://www.sdtimes.com/blog/1466

Tags: , ,

Comments

Add comment


 
 

biuquote
  • Comment




 
 
News on Monday
more>>
SharePoint Tech Report
more>>


   

 
 

Download Current Issue
FEBRUARY 2012 PDF ISSUE

Need Back Issues?
DOWNLOAD HERE

Want to subscribe?


 
blogs tab
Are you at risk for burnout?
Burnout is a severe problem and it can strike at any time. Here's how to tell if you are nearing the edge.
02/09/2012 02:16 PM EST

Agility, mom, and apple pie
If we're to evaluate the state-of-the-art in software development, we should start with the values espoused in the Agile Manifesto.
02/07/2012 11:57 AM EST

RIM woos developers with free tablet
How do you get more apps ported to the BlackBerry PlayBook? By giving every developer a free tablet, of course!
02/04/2012 01:57 PM EST

GitHire: Use Headhunters to Find Your Perfect Programmer
Are you a hiring manager tired of scouring the job boards? Check out this new service that will find 5 people interested in your jobs.
02/03/2012 12:17 PM EST

Facebook claims hacker cred
Facebook's SEC S-1 filing form includes a short essay on the Hacker Way by Mark Zuckerberg himself.
02/02/2012 08:26 AM EST

Ryan Dahl steps down
Ryan Dahl, creator of Node.js, steps back from his position as gatekeeper for the project.
02/01/2012 04:58 PM EST

 
Events calendar tab
2/13/2012 to 2/16/2012
Santa Clara
TechWeb

2/26/2012 to 2/29/2012
San Francisco
BZ Media

2/27/2012 to 3/2/2012
San Francisco
RSA

3/4/2012 to 3/7/2012
Las Vegas
IBM Tivoli

3/5/2012 to 3/9/2012
San Francisco
TechWeb