FTSE 250 movers: Micro Focus cheered as Borland bid raised

18th Jun 2009 12:12

News that Micro Focus has improved the terms of its offer for legendary US software company Borland had shares in the software company higher Thursday.The UK firm is now offering $1.15 per Borland share, up from its previous offer of $1 per share, valuing the business at about $88m.Today's increased offer heads off the prospect of a rival bid. A financial buyer interested in gatecrashing the deal has withdrawn from the process, Micro Focus said.It was a different story at road and infrastructure support group Mouchel though, which warned that this year's performance will be below expectations. The group said it has increasingly been affected by the previously reported challenges in rail and in the Middle East. Pub group and real ale brewer Marston's is also off colour. It's announced a fully underwritten 11 for 10 rights issue at 59p to raise £176m. Like-for-like sales in Marston's Inns and Taverns are up 1.1 % in the 16 weeks to 6 June 2009 and pre-tax profit before exceptionals for the year to October is seen at not less than £69m.FTSE 250 - RisersMicro Focus International Plc (MCRO) 399.50p +7.97%Intermediate Capital Group (ICP) 527.50p +4.66%Dana Petroleum (DNX) 1,300.00p +4.50%BlueBay Asset Management (BBAY) 205.75p +3.91%Fisher (James) & Sons (FSJ) 414.00p +3.37%COLT Telecom Group S.A. (COLT) 104.50p +3.21%Pace (PIC) 197.50p +3.13%Mcbride (MCB) 121.75p +2.96%Burberry Group (BRBY) 373.25p +2.54%RIT Capital Partners (RCP) 882.00p +2.38%FTSE 250 - FallersMouchel Group (MCHL) 165.25p -29.30%Marston's (MARS) 111.50p -20.50%Travis Perkins (TPK) 469.00p -8.31%Aquarius Platinum Ltd. (AQP) 225.00p -8.16%Morgan Sindall (MGNS) 675.50p -7.97%BBA Aviation (BBA) 111.25p -7.87%Enterprise Inns (ETI) 116.50p -7.72%Inchcape (INCH) 18.00p -7.69%DSG International (DSGI) 22.25p -7.29%Carpetright (CPR) 566.50p -6.36%