Zix Corp.

NASDAQ:ZIXI   3:59:50 PM EDT
8.48
0.00 (0.00%)
Debt Financing / Related, Equity Investments

OpenText To Acquire Zix Corp For About $860 Million

Published: 11/08/2021 13:39 GMT
Zix Corp. (ZIXI) - Opentext to Acquire Zix Corporation.
Opentext to Acquire Zix Corporation.
Zix Corp - Deal for About $860 Million, Inclusive of Zix's Cash and Debt.
Zix Corp - Tender Offer to Be Commenced for All Outstanding Zix Common Stock Shares for $8.50 per Share in Cash.
Zix Corp - Deal Expected to Be Immediately Accretive to Opentext Upon Closing to Adjusted EBITDA, Targeting to Be on Opentext Operating Model Within 12-18 Months.
Zix Corp - Deal Funded With Opentext's Existing Cash on Hand.