Micro Focus International (MCRO.L), the British IT firm whose chief executive resigned earlier this month, said it had received a takeover approach and was considering its response, boosting its shares on Tuesday. Micro Focus, which supports mainframe computer applications for Tesco (TSCO.L) and Boeing (BA.N), has issued a number of profit warnings in the last year, caused by weak demand and problems with the software testing arm it created through acquisitions in 2009. "There is no certainty that any formal offer for the company will be forthcoming nor as to the price at which any offer might be made," it said in a statement. It said it was suspending its share buy back programme because of the approach. Shares in the group were knocked when Nigel Clifford resigned on April 15 but they have since bounced back.
The Boeing Company (Boeing) is an aerospace company. Shares of BA remained unchanged at $74.9. In the past year, the shares have traded as low as $59.48 and as high as $75.74. On average, 4962320 shares of BA exchange hands on a given day and today's volume is recorded at 100.
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