TSX:OTEX - Post Discussion
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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