- Software group Micro Focus International said it had kicked off a planned share buy-back programme with an initial tranche of up to $200m.

Last week, the company's shareholders voted to approve the proposed sale of the company's Suse business to EQTVIII for around $2.54bn.

Micro Focus entered into an agreement with Citigroup to conduct the buy back, which would start Wednesday and end no later than 24 October.

'The company may determine it wishes to extend the buy-back programme and, if so, a further announcement will be made at a later date,' the Micro Focus said.

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