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Micro Focus Issues  (Updated Mar 21, 2023.)

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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

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