stock market news today 14.12.2016

last stock market news today 14.12.2016

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(Correcting that the HP Deal is expected
to complete in the third quarter of 2017.)
LONDON (Alliance News) - Software group Micro Focus International PLC was the star of the stock market in London on Wednesday, 
as its open-sourced software business 
continued to drive revenue growth, 
and Micro Focus bolstered its performance with a string of significant acquisitions.
Micro Focus has grown significantly 
since the end of 2014, when it acquired US-based Attachmate Group Inc for USD2.50 billion.
It followed this up with the acquisition of Serena Software Inc for USD540 million, which 
it completed in May.
Most recently was the biggest deal of all, 
an USD8.80 billion reverse takeover 
of the software arm of Hewlett Packard 
Enterprise Co, set to complete in the third
quarter of 2017.
Shares in Micro Focus closed up 4.8% at 2,231.55 pence Wednesday, having earlier traded within a penny of their all-time high of 2,267.00p 
that they set in early October soon after 
the company was promoted to the 
FTSE 100 index. The stock is up 
40% in 2016 so far and 45% compared to 
12 months ago.
The company noted that it has a 
"firm belief that there are significant 
segments of the infrastructure 
software market that have matured", 
and suggested the "likely response to this is consolidation". It believes it is "
now well positioned to lead in this space".