How to get your LinkedIn profile to show the correct company
for each position.
LinkedIn Tips & Traps - Positions
Summary of the two 2023 MFGP stock events:
(Previous events: If you owned any HPE stock on Sep 1, 2017,
you received 13.7 American Depository Shares of Micro Focus (MFGP)
per 100 HPE shares -- valued at $29.34/share -- due to the spinoff
of HPE Software. Since then, MFGP price has ranged as low as $1.25.
Next, if you owned any MFGP stock on Apr 30, 2019, you received 0.8296 new MFGP
"B" shares plus $4.30 cash, replacing each original "A" share, after
Micro Focus sold the SUSE Linux business.)
- If you owned any Micro Focus (MFGP) stock on Jan 31, 2023... Micro
Focus was bought for cash by OpenText at a 90% premium. PRSP stock
was retired. Either $6.43 per MFGP "B" share was paid into your brokerage cash account
or a check was mailed by Feb 14 2023.
This does not affect your
right to claim under the settlement, which is based on events from 2017 to 2019. Details:
- If you received Micro Focus shares between Sep 1, 2017 and Aug
28, 2019 -- as part of the Sep 1, 2017 HPE Software spinoff or
otherwise. Settlement of shareholder class action lawsuit. Claim
deadline was Jun 30, 2023.
Micro Focus UK and U.S. Headquarters [scroll down] Other
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 to EDS 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:
Employment verification and experience letters for
Hewlett-Packard, Hewlett Packard Enterprise, and related
Employment and Experience Verification
If you received a letter from Social Security entitled
"Potential Private Retirement Benefit." How to
decode the letter and who to contact:
Potential Benefit letter
If you have stock paperwork or certificates for Micro Focus: Micro
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:
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
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
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.