December 12, 2016 / 11:59 AM / in a year

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:

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below