November 11, 2019 / 1:31 PM / a month ago

Carbonite to be bought by Canada's OpenText in $1.42 billion deal

(Reuters) - Cloud-security company Carbonite Inc said on Monday it would be bought by OpenText, a Canadian business information management software company, in a deal valued at about $1.42 billion.

The deal amount of $23.00 per share represents a premium of 25% to Carbonite’s close on Friday.

Reporting by Akanksha Rana in Bengaluru; Editing by Maju Samuel

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