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0 0 0 0 -0.00247167480293067 -0.0038126961734664 -0.00113065343239495 -0.00620737719228018
Stock impact report

OpenText Commences Tender Offer for Zix Corporation

Open Text Corporation - Common Shares (OTEX) 
Last open text corporation - common shares earnings: 4/30 04:01 pm Check Earnings Report
US:NASDAQ Investor Relations: investors.opentext.com/investor-relations
Company Research Source: PR Newswire
WATERLOO, ON, Nov. 22, 2021 /PRNewswire/ -- OpenText™ (NASDAQ: OTEX) (TSX: OTEX) announced today that it has commenced its previously announced tender offer for all outstanding shares of common stock of Zix Corporation (NASDAQ: ZIXI) at a price of U.S. $8.50 per share, through its subsidiary, Zeta Merger Sub Inc.  The tender offer is being made in connection with the Agreement and Plan of Merger, dated as of November 7, 2021 (the "Merger Agreement"), by and among OpenText, Zeta Merger Sub Inc. and Zix, which OpenText and Zix announced on November 8, 2021.The Zix board of directors has unanimously determined that the tender offer is advisable and fair to and in the best interests of Zix and its stockholders and unanimously resolved to recommend that the stockholders of Zix accept the tender offer and tender their shares pursuant to the tender offer.The tender offer is scheduled to expire at one minute after 11:59 PM, Eastern time, on Monday, December 20, 2021, unless the offer is exten Show less Read more
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