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Stock Market & Financial Investment News

News Breaks
July 11, 2014
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.
News For OTEX From The Last 14 Days
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December 16, 2014
09:02 EDTOTEXOpen Text commences tender offer forActuate
Open Text (OTEX) announced that its wholly-owned subsidiary, Asteroid Acquisition Corporation, has commenced its previously announced tender offer for all outstanding shares of common stock of Actuate (BIRT), including the associated preferred stock purchase rights issued under the Rights Agreement, at a price of $6.60 per share. The tender offer is scheduled to expire at 9:00 A.M., New York City time, on Friday, January 16, unless the offer is extended or earlier terminated.
December 15, 2014
17:20 EDTOTEXOpen Text reports 11.9% stake in Actuate
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