Brief: Opentext To Divest Application Modernization And Connectivity (Amc) Business To Rocket Software For $2.275B

Open Text

28/11/2023 22:54

Nov 28 (Reuters) - Open Text Corp  OTEX.TO :
    * OPENTEXT TO DIVEST APPLICATION MODERNIZATION AND
CONNECTIVITY
(AMC) BUSINESS TO ROCKET SOFTWARE FOR $2.275B
    * OPEN TEXT CORP - PROPOSED DEAL FOR US$2.275 BILLION IN
CASH
    * OPEN TEXT CORP: DIVESTING OUR MAINFRAME BUSINESS SO WE CAN
SINGULARLY FOCUS ON POWERFUL CLOUD AND AI OPPORTUNITIES WITHIN
INFORMATION MANAGEMENT
    * OPEN TEXT CORP: APPROXIMATELY 750 EMPLOYEES OF AMC WILL BE
INTEGRATED INTO ROCKET SOFTWARE

Source text for Eikon:  ID:nCNW6y7Gra 
Further company coverage:  OTEX.TO 

 ((Reuters.Briefs@thomsonreuters.com;))