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Bullboard - Stock Discussion Forum Open Text Corp T.OTEX

Alternate Symbol(s):  OTEX

Technology Software - Application
OpenText Corporation is a Canada-based information management company, which provides software and services. The Company’s comprehensive Information Management platform and services provide secure and scalable solutions for global companies, small and medium-sized businesses (SMBs), governments and consumers around the world. It has a complete and integrated portfolio of information management... see more

TSX:OTEX - Post Discussion

Open Text Corp > OpenText Completes Divestiture
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Post by Betteryear2 on May 01, 2024 2:37pm

OpenText Completes Divestiture

OpenText to Reduce Debt by $2 Billion

WATERLOO, ON, May 1, 2024 /PRNewswire/ -- Open Text Corporation (NASDAQ: OTEX), (TSX: OTEX), today announced that it has successfully completed the divestiture of its AMC/Mainframe business to Rocket Software, Inc., a Bain Capital portfolio company ("Rocket Software"), for $2.275 billion in cash before taxes, fees and other adjustments.

OpenText Completes Divestiture of Application Modernization and Connectivity (AMC) Business to Rocket Software for $2.275B (prnewswire.com)

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