Open Text Corp. (OTEX)

$ 32.63
   
  • Change Today:
    $0.72
  • 52 Week High: $34.04
  • 52 Week Low: $23.04
  • Currency: US Dollars
  • Shares Issued: 271.54m
  • Volume: 817,463
  • Market Cap: $8,860m
  • RiskGrade: 103
  • Beta: 0.40

Micro Focus agrees to £5bn takeover by Canada's OpenText

By Frank Prenesti

Date: Friday 26 Aug 2022

LONDON (ShareCast) - (Sharecast News) - Software maker Micro Focus said it had agreed a £5.1bn takeover, including debt, by Canadian rival OpenText.
The offering is £5.32 per share, a 98% premium on Micro Focus's current share price, which has fallen 87% over the past three years.

The FTSE 250 group provides IT services for business IT issued major profit warnings in 2018 and 2019.

Micro Focus has debts of $4.4bn. OpenText said it would fund the deal by raising $4.6bn in new debt, $1.3bn in cash, and $600m from its existing revolving credit facility.

Nasdaq-listed OpenText is one of the world's largest software providers and is used by thousands of corporate clients. It is valued at $13bn and has 14,800 employees in 35 countries.

Reporting by Frank Prenesti at Sharecast.com

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Open Text Corp. Market Data

Currency US Dollars
Share Price $ 32.63
Change Today $ 0.72
% Change 2.26 %
52 Week High $34.04
52 Week Low $23.04
Volume 817,463
Shares Issued 271.54m
Market Cap $8,860m
Beta 0.40
RiskGrade 103

What The Brokers Say

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Trades for 22-Aug-2025

Time Volume / Share Price
16:00 128,206 @ $32.63
15:59 166 @ $32.63
15:59 100 @ $32.63
15:59 200 @ $32.63
15:59 100 @ $32.63

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