Open Text announced it has completed the divestiture of its AMC/Mainframe business to Rocket Software, Inc., a Bain Capital portfolio company, for $2.275 billion in cash before taxes, fees and other adjustments. Additional details on the impact of the divestiture to the remainder of Fiscal 2024 will be outlined as part of the Company’s quarterly earnings results scheduled for May 2, 2024.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on OTEX: