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Borland Gets Increased Buyout Offer

Stock quotes in this article: BORL  

Micro Focus International increased its cash offer for Borland Software (BORL Quote) to $1.15 a share.

The terms of the revised offer, which values Borland at about $88 million, have been unanimously approved by the boards of both companies.

In a press release Thursday, the companies said a separate bidder looking to acquire Borland has withdrawn from the process. ...

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