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BRIEF-Opentext signs definitive agreement to acquire Daegis Inc

Published 2015-10-08, 04:53 p/m
© Reuters.  BRIEF-Opentext signs definitive agreement to acquire Daegis Inc
OTEX
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Oct 8 (Reuters) - Open Text Corp OTC.TO :
* Opentext signs definitive agreement to acquire Daegis Inc
* Deal for $0.82 per share in cash
* Says opentext will fund the acquisition with cash on hand
* Says deal for a total equity value of approximately $13.5 million
* Says intends to commence a tender offer for all of the shares of common stock
of Daegis within 10 business days
* Says under the agreement, the tender offer will be followed by a merger to
acquire any untendered shares
* Says indirect wholly-owned subsidiary of opentext will commence a tender
offer for all outstanding shares of Daegis

* Source text for Eikon ID:nPnc7b7JV

* Further company coverage OTC.TO

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