LONDON (ShareCast) - The bid by Micro Focus (LSE: MCRO.L - news) for legendary software company Borland may have hit a snag
after the US company informed Micro Focus it has received an approach from a third party.
It is the second time that Micro Focus’s pursuit of Borland has been joined by a potential rival. The previous preliminary approach by a third party was seen off after Micro Focus upped its bid from $1 to $1.15 per Borland share.
The board of Micro Focus continues to believe its offer for Borland, which has been unanimously recommended by the Borland board, is in the best interests of both companies, their employees, customers and shareholders.
Borland, established in 1981, is best known for its software development tools such as Turbo Pascal and Delphi (DPHIQ.PK - news) , as well as for the Paradox database. The company also popularised the tabbed workbook concept with its Quattro Pro spreadsheet.
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