OpenText Completes Divestiture of Application Modernization and Connectivity (AMC) Business to Rocket Software for $2.275B

May 1, 2024

https://www.prnewswire.com/news-releases/opentext-completes-divestiture-of-application-modernization-and-connectivity-amc-business-to-rocket-software-for-2-275b-302133227.html

OpenText to Reduce Debt by $2 Billion

WATERLOO, ON, May 1, 2024 /PRNewswire/ — Open Text Corporation (NASDAQ: OTEX), (TSX:OTEX), today announced that it has successfully completed the divestiture of its AMC/Mainframe business to Rocket Software, Inc., a Bain Capital portfolio company (“Rocket Software”), for $2.275 billion in cash before taxes, fees and other adjustments.

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