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Merant, the software company, is expected to be acquired by Serena of the US for £206m, although other bidders could emerge.
Merant is to relocate its US headquarters from Maryland to Oregon at a cost of £10m, as part of the reorganisation of its internet software business.
Merant is to sell its DataDirect enterprise data business to Golden Gate Capital of the US for £21m.
Merant is to sell its Merant Micro Focus software tools business to Golden Gate Capital and Parallax Capital Partners of the US for £45m, in order to focus on e-commerce.
Merant is to acquire the enterprise unit of NetObjects of the US for £12m, in order to expand its e-business software operation.
Merant is acquiring EnterpriseLink Technology, the enterprise software supplier, for $22m.
Merant is acquiring Marathon, the US internet service provider, for £9.6m.