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Open Text Corp (OTEX.O)

OTEX.O on Nasdaq

61.71USD
7 Dec 2016
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Latest Key Developments (Source: Significant Developments)

Opentext to acquire Dell EMC's enterprise content division, including Documentum
Monday, 12 Sep 2016 08:05am EDT 

Open Text Corp : Opentext signs definitive agreement to acquire Dell EMC's enterprise content division, including Documentum . Says under terms of agreement, software, associated services, and employees of ECD will be integrated into Opentext . Purchase price of $1.62 billion . Says deal targeting to be immediately accretive to earnings . Permanent financing may include elements of cash on hand, new borrowings under credit facilities, and newly issued equity . Acquisition is not subject to a financing condition . Morgan Stanley & Co. LLC acted as exclusive financial advisor to Dell Technologies in connection with transaction . Barclays acted as a financial advisor to Opentext and provided a $1.0 billion debt commitment in support of transaction .Co, Dell EMC also announced intention to negotiate, enter into strategic commercial partnership to expand customer offerings.  Full Article

OpenText says substantially completed acquisition of HP's customer communications management assets
Monday, 1 Aug 2016 09:00am EDT 

Hp Inc :Has substantially completed closing of previously announced acquisition of customer communications management (CCM) assets from HP Inc.  Full Article

OpenText signs agreement to buy HP's customer communications management
Monday, 20 Jun 2016 09:00am EDT 

Open Text Corp : OpenText signs definitive agreement to acquire customer communications management and other assets of HP Inc . Transaction purchase price is approximately USD $315 million . OpenText Corp says deal to be immediately accretive to earnings and on opentext operating model by end of Q1 F17 . Transaction is expected to close in Q1 of FY17 . Solutions being acquired are expected to generate between USD $110 and USD $125 millions of annualized revenues .Co, HP Inc also exploring opportunities to work together in future to expand their software solutions.  Full Article

Opentext signs agreement to acquire Recommind Inc
Thursday, 2 Jun 2016 09:00am EDT 

Open Text Corp : Opentext signs definitive agreement to acquire Recommind, Inc . Transaction purchase price is approximately $163 million . Deal to be immediately accretive to earnings . Solutions being acquired are expected to generate between $70m and $80m of annualized revenues .Solutions being acquired can be on Opentext operating model within first 12 months after closing.  Full Article

OpenText announces proposed offering of senior unsecured fixed rate notes
Wednesday, 25 May 2016 09:20am EDT 

Open Text Corp : Proposed offering of U.S.$500 million aggregate principal amount of its senior unsecured fixed rate notes due 2026 .OpenText announces proposed offering of senior unsecured fixed rate notes.  Full Article

OpenText Corp to acquire ANXeBusiness Corp
Wednesday, 27 Apr 2016 04:01pm EDT 

OpenText Corp:Entered into a definitive agreement to acquire ANXeBusiness Corp.transaction purchase price is approximately $100 million.Acquisition is expected to generate approximately $30 million of annualized revenues, be both accretive and on the OpenText operating model, immediately.  Full Article

OpenText through indirect wholly-owned subsidiary completes acquisition of Daegis Inc.
Monday, 23 Nov 2015 09:04am EST 

OpenText:announced that, through its indirect wholly-owned subsidiary, Company D Merger Sub Inc., it has successfully completed its acquisition of Daegis Inc.  Full Article

OpenText Corp signs definitive agreement to acquire Daegis Inc
Thursday, 8 Oct 2015 04:40pm EDT 

OpenText Corp:Definitive agreement to acquire Daegis Inc., a global information governance, data migration solutions and development tools company.Under terms of the agreement, a newly formed, indirect wholly-owned subsidiary of OpenText will commence a tender offer for all outstanding shares of Daegis for $0.82 per share in cash, for a total equity value of about $13.5 mln.OpenText will fund the acquisition with cash on hand.OpenText intends to commence a tender offer for all of the shares of common stock of Daegis within 10 business days.Under the agreement, the tender offer will be followed by a merger to acquire any untendered shares.Says tender offer is subject to the tender of a majority of Daegis' shares and certain other customary closing conditions.It is expected that the transaction will close in the second quarter of OpenText's fiscal 2016.  Full Article

OpenText Corp declares cash dividend
Wednesday, 29 Jul 2015 04:01pm EDT 

OpenText Corp:Says that it has declared on July 28, 2015 a cash dividend of $0.20 per Common Share.Says the record date for this dividend is Aug. 28, 2015 and the payment date is Sept. 18, 2015.  Full Article

OpenText Corp declares quarterly cash dividend
Tuesday, 28 Apr 2015 04:01pm EDT 

OpenText Corp:Declared a 16 pct increase in its quarterly cash dividend from $0.1725 to $0.20 per common share.The record date for this dividend is May 29 and the payment date is June 19.  Full Article

Canada's OpenText to buy Dell-EMC's enterprise content unit for $1.62 billion

Canadian business software maker OpenText Corp said it agreed to buy Dell-EMC's enterprise content division for $1.62 billion as it looks to expand its services to larger businesses.