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.
Mobile computer software firm Psion (LSE: PON.L - news) announced the appointment of John Hawkins as its chairman designate.
Following an extensive search process over eight months, the board unanimously appointed Hawkins (HWKN - news) , an existing board member, as the new chairman.
His appointment follows the retirement of David Potter who will step down as a director and chairman in September.
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