LONDON (Reuters) - Micro Focus (L:MCRO) shares spiked on Thursday, with traders citing a Bloomberg report that hedge fund Elliott Management is said to take a stake.
The shares jumped as much as 12 percent to their highest in a month before swinging back, and were last trading 4.7 percent higher. The report also claimed Elliott was "pushing for changes" at the UK software firm.
Micro Focus and Elliott Management were not immediately available for comment.