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Stock Market & Financial Investment News

News Breaks
June 23, 2012
14:05 EDTESIC, OTEXEasyLin announces filing of supplement to proxy statement
EasyLink Services International (ESIC) announced that it has filed with the Securities and Exchange Commission a supplement to its definitive proxy statement filed with the SEC on June 6 relating to the previously announced proposed merger of EasyLink with Epic Acquisition Sub Inc., a wholly-owned indirect subsidiary of Open Text (OTEX), pursuant to an Agreement and Plan of Merger, dated as of May 1, 2012. EasyLink has scheduled the special meeting of stockholders to consider and vote upon the adoption of the merger agreement for July 2, 2012 at 10:00 a.m., Eastern Standard Time, at the Company's offices at 6025 The Corners Parkway, Suite 100, Norcross, Georgia 30092.
News For ESIC;OTEX From The Last 14 Days
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July 11, 2014
10:00 EDTOTEXOn The Fly: Analyst Downgrade Summary
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06:47 EDTOTEXOpen Text downgraded to Sector Perform from Outperform at RBC Capital
RBC Capital downgraded Open Text to Sector Perform due to valuation and said further upside requires hard to achieve forecasts of margin expansion, organic growth and a high sustained historic multiple. The firm adds the company is less likely to make an acquisition near-term given leverage, removing a catalyst. Price target lowered to $55 from $60.

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