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      "text": "Acquired EBITDA is UAEBITDA adjusted for overhead costs... HPE Software revenues for the twelve months to 30 April 2016... This is not a profit forecast...",
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      "text": "Proposed acquisition offers scale and enhances offerings. HPE Software revenues were $3,172m and Acquired EBITDA of $738m. Potential for operational efficiencies and margin improvement.",
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      "text": "Aggregate consideration of $8.8bn, resulting in an effective multiple of 11.4x the Acquired EBITDA. Transaction is consistent with Micro Focus strategy. Strategy has delivered 15-20% total shareholder returns.",
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