December 12, 2016 / 11:59 AM / 8 months ago

BRIEF-Open Text says proposed public offering of common shares

Dec 12 (Reuters) - Open Text Corp

* Open Text Corp - expects to fund balance of purchase price and pay related fees and expenses with net proceeds from debt financing and cash on hand

* Open Text Corp - has launched an underwritten public offering of u.s. $500 million of common shares

* Barclays, Citigroup and RBC Capital Markets are acting as joint book-running managers for offering

* Open Text - intends to use net proceeds from offering to finance a portion of purchase price for acquisition of Dell EMC's enterprise content division

* Open Text announces proposed public offering of common shares Source text for Eikon: Further company coverage:

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