Open Text Gets SEC Clearance On Acquisition
Stock quotes in this article:
VIGN
AUSTIN, Texas (AP) Canadian corporate software maker Open Text Corp. said Friday that the Securities and Exchange Commission has cleared the way for its $323 million acquisition of Vignette Corp.
Vignette, which makes software for managing content online and in corporate networks, will hold a special shareholders meeting on July 21 to approve the cash-and-stock deal. An antitrust waiting period related to the transaction has also expired. The deal, which was announced in May, will make Vignette a wholly owned subsidiary of Open Text. The acquisition is expected to close in the second half of the year. Shares of Open Text fell 12 cents to $36.17 in morning trading, while Vignette's stock was flat at $13.14.- Loading Comments...
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