How to get your LinkedIn profile to show the correct company
for each position.
LinkedIn Tips & Traps - Positions
Shareholder class action settlement. If you received Micro Focus
shares between Sep 1, 2017 and Aug
28, 2019 -- as part of the HPE Software spinoff, or otherwise -- you
have a potential
claim no matter when you disposed of the MFGP shares
-- even if you held them until they were purchased by
OpenText earlier in 2023. Very rough estimate of average
payout: $0.39 per MFGP ADS -- i.e. $5.30
for every 100 HPE shares owned on Sep 1, 2017. Details,
claim deadline, how to claim:
Micro Focus Suit
If you have shards of Micro Focus stock (NYSE: MFGP)
from the HP Breakup, the company being purchased by
Canada-based OpenText. Expected to close in the first
quarter of calendar 2023. Cash payment will be 532 UK pence
(approx $6.30)
per share -- a 90% premium.
Micro
Focus Stock
Micro Focus shareholder suit.
Micro Focus Suit
Contacts:
Micro Focus UK and U.S. Headquarters [scroll down] Other
countries:
https://www.microfocus.com/about/contact/
On Sep 9, 2017, HPE Software was spun out and merged
with the UK company.
Details and tax issues for HPE stockholders.
Micro Focus is a completely separate company
-- not a legal successor corporation to HP or HPE.
Which HP-related companies have me classified as a retiree or former employee?
Given HP's history of acquisitions and spinoffs, this may not be obvious. If any
doubt, check here:
Which Company
Employment verification and experience letters for
Hewlett-Packard, Hewlett Packard Enterprise, and related
companies.
Employment and Experience Verification
If you have stock paperwork or certificates for Micro Focus: Micro
Focus Stock
For those who transitioned to Micro Focus:
-
401(k) Members report that the next 401(k) match payout was
to be on the date of their transition.
- Classified as a former employee or retiree of HPE. Treated as though
you left HPE to join any other company. Entitled to whatever retiree
coverage you qualified for at the time you left HPE.
- Some HPE retirees are covered by an HP retiree medical program.
Depending on age, years of service, and other factors, you may
qualify for the HP "Pre-2003 HP Retiree Medical Program" --
instead of an HPE program.
("2003" refers to the year when HP implemented the program, not
necessarily your year of retirement.) Legally retirees of HPE. However, HPE has paid
HPInc to administer health benefits for those HPE retirees. (All
other responsibilities for HPE retirees are handled by HPE.) How
to tell if you are qualified for Pre-2003:
https://www.hpalumni.org/Pre2003
Fortune
article summarizing breakup of Hewlett-Packard into HPInc,
Hewlett Packard Enterprise, DXC, and Micro Focus.
"Transaction valued at approximately $8.8 billion, including
50.1% ownership of the new combined company by HPE
shareholders and a $2.5 billion cash payment to HPE." --original
Sep 7, 2016
HPE announcement
Pre-spinoff diagram of Micro Focus product history,
including the product lines being acquired from HPE --
ArcSight, Autonomy, Mercury, Opsware, Peregrine, Tower,
Vertica -- with the original HP acquisition price for
each.
MicroFocus-HPES Portfolio 4/1/17
Micro Focus sold the Atalla hardware security business
(formerly part of HPE)
Announcement Also sold the profitable
1,400-employee SUSE Linux business (formerly part of Novell) for $2.5 billion in cash.
Announcement
Financial Times
The Register
