Stock-Micro Focus-2023. HP/HPE Alumni

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Micro Focus (MFGP) -- 2023 Sale to OpenText.

This page is supplemental information for our "Micro Focus Stock" page -- it you haven't been to Micro Focus Stock already, please start there.

Summary re sale of Micro Focus to OpenText: If you acquired MFGP through the HPE spinoff, and accounted for it as HPE's outside tax counsel recommended in 2017-- therefore paying tax on a theoretical 2017 capital gain -- your net loss is ±$28.94 per "B" share. (However, for three employee purchase quarters in 2000 and eight quarters between 2007 and 2010, the net loss after the OpenText sale for those lots is somewhat higher -- ranging from $29.65 to $34.82 per "B" share.) See details much later on this page.

There appears to be no info for Micro Focus shareholders on the OpenText website.
OpenText Investor Relations online contact form: https://investors.opentext.com/investor-resources/default.aspx#contacts
Question? Email us: investors@opentext.com Phone: 415-963-0825

2020. The MFGP dividend announced for 2020 was withdrawn at the last minute and not paid: Fidelity reported this correctly. Some brokerages and stock information services did not.

2023. If you owned any Micro Focus (MFGP; CUSIP 594837403) stock on Jan 31, 2023: Micro Focus bought for cash by OpenText at almost double the market price. Micro Focus stock has been delisted -- it is no longer traded. 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 class action settlement, below, which is based on events from 2017 to 2019. Details of payout: Official London Stock Exchange notice (Deal announced 2022-08-25.) The cash payment is taxable.

If the 2017 spinoff is treated as HPE's outside tax counsel recommended in 2017:

Back on Apr 30, 2019, US ADR holders received 0.8296 new MFGP "B" shares -- replacing each original "A" share. The cost basis is then
$29.34 / 0.8296 = $35.37 per "B" share. The net loss after the OpenText sale is then $35.37 - $6.43 = $28.94 per "B" share.

For certain quarters, the net loss after the OpenText sale is somewhat higher -- ranging from $29.65 to $34.82 per "B" share. This applies only to MFGP stock derived from these employee stock purchase lots:
5/1/00, 8/1/00, 11/1/00,
10/3/07, 1/2/08, 4/2/08, 10/7/09, 11/1/09, 1/6/10, 4/7/10, and 5/1/10. To download the HPAA's employee stock purchase spreadsheet: https://www.hpalumni.org/StockSpread

Be sure you note this in your own records (and in your broker's records, if your broker tracks cost basis) -- so that you don't pay tax twice on the same "gain."

The HPAA's employee purchase spreadsheets.

- Official quarterly cost basis data for every HP stock purchase from 1959 through 2000 -- with resulting calculated lot-by-lot cost basis for HPQ, Agilent, Keysight, HPE, DXC, Micro Focus "A" shares, Micro Focus "B" shares and sale to OpenText.

- Estimate your average employee-stock cost basis over any span of HP employment from 1959 through 2000 for HPQ, Agilent, Keysight, HPE, DXC, Micro Focus "A" shares, Micro Focus "B" shares.

- Calculate ordinary income/capital gain lot-by-lot from Nov 2000 to Oct 2017 for HPQ, Agilent, Keysight, HPE, DXC, and Micro Focus "A" shares.

To download the HPAA's employee stock purchase spreadsheet: https://www.hpalumni.org/StockSpread

We recommend that you work through your entire HP-related stock situation step-by-step.

HPAA members have developed information and a step-by-step process to find all your HP/HPE-related stock – and estimate cost basis.

If you haven't already done so, start here: Stock

(Updated Feb 12, 2025) Click to join the HPAA Question? Email us: info@hpalumni.org

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