Wednesday, July 22, 2009

Borland Gets Approval On Micro Focus Merger

Austin-based Borland Software reported Wednesday afternoon that the firm has received stockholder approval for the firm's merger with Micro Focus international plc. Borland said that approximately 65% of the shares of its common stock outstanding voted to adopt the agreement, with 99% of the shares voted in favor of the merger proposal. Micro Focus had said in May that it would pay $75M in cash for Borland.