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List:       opensuse
Subject:    Re: [opensuse] HP to buy SUSE (aka Micro Focus to merge with HP Enterprise)
From:       Billie Walsh <bilwalsh () swbell ! net>
Date:       2016-09-17 17:54:36
Message-ID: 4ea670fa-43f9-8723-39b4-6546eda52308 () swbell ! net
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On 09/17/2016 10:17 AM, Dave Howorth wrote:
> On Sat, 17 Sep 2016 10:07:44 -0500
> Billie Walsh <bilwalsh@swbell.net> wrote:
>
>> On 09/17/2016 09:42 AM, Roger Price wrote:
>>> On Sat, 17 Sep 2016, Per Jessen wrote:
>>>
>>>> Apparently, Micro Focus intend to merge with the software half of
>>>> HP Enterprise.  Servers, mass-storage and maintenance will remain
>>>> with HPE.  The new name will shall be Micro Focus.
>>>>
>>>> Through this deal, HPE will make USD2.5bill in cash, but more
>>>> importantly Micro Focus shares worth 6.3billion which means HPE
>>>> will own 50.1% of the new Micro Focus.  And therefore also SUSE.
>>> I'm confused by your last phrase << And therefore also SUSE >>, the
>>> blog says
>>>
>>> <p>If you read HPE's news release you'll see that after the
>>> proposed transaction, HPE <strong>shareholders</strong> would own
>>> 50.1% of the future Micro Focus <strong>shares</strong>.</p>
>>>
>>> <p>HPE, the company, would have no ownership in Micro Focus, would
>>> not control Micro Focus and would receive no ongoing revenue or
>>> profits from Micro Focus as a result of the merger of Micro Focus
>>> and HPE's software business.</p>
>>>
>>> <p><strong>And for SUSE?</strong></p>
>>>
>>> <p>HPE would not be acquiring Micro Focus or SUSE with this
>>> proposed transaction. SUSE ownership would be unchanged. SUSE would
>>> remain a business within the Micro Focus company and Micro Focus
>>> will remain independent of HPE. SUSE would not be owned in any way
>>> or controlled by HPE.</p>
>>>
>>> The blog specifically says << SUSE would not be owned in any way or
>>> controlled by HPE. >>
>>>
>>> Roger
>>>
>> A conundrum. If HPE will own 50.1% of the new company then they are
>> the majority shareholder. That gives them control of the new company
>> and all it owns.
> I think you've misread it. It's not HPE that owns anything, it is the
> current shareholders of HPE who swap their shares for shares in Micro
> Focus.
>
> If they all chose to vote together and all the current shareholders of
> Micro Focus chose to vote against them then the current shareholders of
> HPE would prevail, but I think that's extremely unlikely, not least
> because I expect some people currently own shares in both HPE and Micro
> Focus.

The original post said, "HPE will own 50.1% of the new Micro Focus."

Doesn't say anything about share holders.

To me it reads like HPE will become a part of the new Micro Focus like 
SUSE is a part and will be the majority shareholder.


-- 
Fast is fine, but accuracy is final.
You must learn to be slow in a hurry.
-Wyatt Earp-

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