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Micro Focus counts cost of Hewlett deal

Micro Focus counts cost of Hewlett deal

How the mighty have fallen. Shares in former IC buy tip Micro Focus (MCRO) plummeted more than 50 per cent this week, halving the market cap of what had become the UK’s largest listed tech company. This shareholder exodus followed concerns that Micro Focus had bitten off more than it could chew when it acquired Hewlett Packard (HPE’s) software arm for an enormous $8.8bn (£6.3bn) last September.

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