Zix Corporation (ZIXI) has agreed to be acquired by OpenText, for $8.50 per share in cash, representing an enterprise value of $860 million. An OpenText unit will begin a tender offer for all outstanding shares of Zix common stock at a price of $8.50 per share in cash.

Create Account

Dark

chart

exchange

Check out our Level2View

Zix Corporation (ZIXI) has agreed to be acquired by OpenText, for $8.50 per share in cash, representing an enterprise value of $860 million. An OpenText unit will begin a tender offer for all outstanding shares of Zix common stock at a price of $8.50 per share in cash.

RTTNews | Nov 8, 2021 08:45AM EST

08:44 Monday, November 8, 2021 (RTTNews.com) - Zix Corporation (ZIXI) has agreed to be acquired by OpenText, for $8.50 per share in cash, representing an enterprise value of $860 million. An OpenText unit will begin a tender offer for all outstanding shares of Zix common stock at a price of $8.50 per share in cash.

Robert Hausmann, Chairman of Zix, said: "Following a strategic review conducted by our Board of the Directors, triggered in part by unsolicited approaches from multiple parties, Zix and its financial advisor conducted a broad outreach to more than 70 strategic and financial parties over a number of months."

Read the original article on RTTNews ( https://www.rttnews.com/3240426/zix-to-be-acquired-by-opentext-quick-facts.aspx)

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2021 RTTNews.com All Rights Reserved