|Bid||0.00 x 1800|
|Ask||0.00 x 900|
|Day's Range||42.65 - 42.96|
|52 Week Range||30.99 - 44.49|
|Beta (3Y Monthly)||0.57|
|PE Ratio (TTM)||35.55|
|Earnings Date||May 7, 2018 - May 11, 2018|
|Forward Dividend & Yield||0.70 (1.63%)|
|1y Target Est||48.38|
WATERLOO, Ontario , Nov. 25, 2019 /CNW/ -- OpenText™ (OTEX) (OTEX.TO), a market leader in Enterprise Information Management (EIM) software and solutions, announced today that it has commenced its previously announced tender offer for all outstanding shares of common stock of Carbonite, Inc. (CARB) at a price of U.S. $23.00 per share, through its subsidiary, Coral Merger Sub Inc. The tender offer is being made in connection with the Agreement and Plan of Merger, dated as of November 10, 2019 (the "Merger Agreement"), by and among OpenText, Coral Merger Sub Inc. and Carbonite, which OpenText and Carbonite announced on November 11, 2019 . The Carbonite board of directors has unanimously determined that the tender offer is fair to, advisable and in the best interests of Carbonite and its stockholders and unanimously recommends that the Carbonite stockholders tender their shares pursuant to the tender offer.
Independent Research Firm Recognizes OpenText Media Management for Strength of Core Library Services and Video Capabilities WATERLOO, Ontario , Nov. 20, 2019 /PRNewswire/ -- OpenText™ (NASDAQ: OTEX), (TSX: ...
WATERLOO, Ontario, Nov. 19, 2019 /PRNewswire/ -- OpenText™ (OTEX), (OTEX), a global leader in Enterprise Information Management (EIM), today announced an expansion to the OpenText Cloud in Japan, with expanded domestic data centers in Tokyo and Osaka. Building on a legacy of delivering OpenText Business Network services in the Japanese market, this expanded capability will help customers transition EIM workloads to the OpenText Cloud, while strengthening capacity for disaster recovery and security.
This article is for investors who would like to improve their understanding of price to earnings ratios (P/E ratios...
WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the Board of Directors of Central European Media Enterprises Ltd. (CETV) in connection with the proposed acquisition of the Company by an affiliate of PPF Group N.V. Under the terms of the acquisition agreement, CETV shareholders will receive $4.58 in cash for each CETV share that they own. WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the Board of Directors of Carbonite, Inc. (CARB) in connection with the proposed acquisition of the Company by OpenText Corporation (OTEX).
Moody's Investors Service ("Moody's") says that Open Text Corp.'s ("Open Text") (Ba1 stable) plans to acquire Carbonite, Inc. ("Carbonite") (B2 positive) for approximately $1.4 billion, including Carbonite's debt does not impact Carbonite's ratings. Moody's anticipates Open Text to finance the transaction with a combination of cash on hand and new debt borrowings.
Moody's Investors Service ("Moody's") said that Open Text Corp.'s ("Open Text") proposed acquisition of Carbonite, Inc. ("Carbonite") will increase leverage slightly and entails execution risk. Open Text's Ba1 Corporate Family Rating and stable outlook are not affected because the company has very good liquidity and moderate leverage to accommodate the proposed acquisition. Moody's expects Open Text to maintain total debt to EBITDA (Moody's adjusted) at about 3x.
NEW YORK , Nov. 12, 2019 /PRNewswire/ -- WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the Board of Directors of Carbonite, Inc. ("CARB" or ...
WATERLOO, Ontario , Nov. 12, 2019 /CNW/ -- OpenText™ (OTEX), (OTEX.TO), a global leader in Enterprise Information Management (EIM), today opened OpenText Enfuse 2019, bringing together cross-functional experts to address the challenges of securing the modern enterprise. At Enfuse, attendees will learn proactive strategies to find, respond to, and eliminate threats – before they become headlines. "Conventional approaches are no longer sufficient to secure the modern enterprise in Industry 4.0," said Mark J. Barrenechea , OpenText CEO & CTO.
OpenText Delivers a Flexible Path to the Cloud, Enhanced Security and Compliance and Visibility into Supply Chain Risk
(Bloomberg) -- Open Text Corp. announced a deal to acquire Carbonite Inc., a provider of data-protection services, for about $800 million in cash, according to a statement.The transaction of $23 per share for the Boston-based Carbonite is a 25% premium to the close of trading Friday. Bloomberg first reported the deal earlier Monday, and that Carbonite was mulling a sale in early September.When restricted share units and other stock interests are taken into account, the equity value of the deal rises to about $884 million, according to a representative for Open Text. Including debt, the enterprise value of the deal is about $1.4 billion.Before Monday, Carbonite’s shares were down about 38% in the past year, after a sharp fall in July when it cut its annual revenue forecast and announced Chief Executive Officer Mohamad Ali had decided to step down. That followed another sell-off in February amid investor concerns about the debt it was taking on to fund its $618 million all-cash takeover of Webroot Inc. in February.Carbonite rose 25% to $22.95 a share in New York trading Monday. Open Text rose 2.4% in Toronto.The company -- named after the fictional substance used to freeze Han Solo in Star Wars -- offers data backup, disaster recovery and other services to people and businesses, deriving most of its revenue from subscription fees, according to its website.Canada’s Open Text Corp was also weighing a takeover bid for rival software firm Micro Focus International Plc, according to people familiar with the matter. Open Text makes software used for searching corporate intranets and managing documents. In 2017, it acquired Dell Technologies Inc.’s enterprise content division for $1.6 billion.J.P. Morgan Chase & Co. acted as financial adviser to Carbonite.(Updates with diluted value share purchase in third paragraph)\--With assistance from Scott Deveau.To contact the reporters on this story: Ed Hammond in New York at firstname.lastname@example.org;Liana Baker in New York at email@example.comTo contact the editors responsible for this story: Ben Scent at firstname.lastname@example.org, Giles Turner, Michael HythaFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
NEW YORK , Nov. 11, 2019 /PRNewswire/ -- Rowley Law PLLC is investigating potential securities law violations by Carbonite Inc (NASDAQ: CARB) and its board of directors concerning the proposed acquisition ...
Carbonite notes that the price is a 78% premium to its shares on September 5, ahead of a media report speculating on a possible sale. OpenText sells enterprise information management software. “Cloud platforms and secured, smart endpoints are essential Information Management technologies as businesses transform into Industry 4.0,” OpenText CEO Mark J. Barrenechea said in a statement.
Boston-based tech company Carbonite Inc. has agreed to be acquired by Canadian software company OpenText in a $1.42 billion deal.
Cybersecurity company Carbonite Inc. said Monday it has agreed to be acquired in a cash deal with an enterprise value of about $1.42 billion. OpenText will pay $23 for each Carbonite share, equal to a 78% premium over Carbonite's closing stock price on Sept. 5, the last trading day before a media report that speculated on a possible deal. OpenText specializes in enterprise information management for on-site premises and the cloud. Carbonite also reported its third-quarter earnings, posting a net loss of $14 million, or 40 cents a share, after income of $200,000, or 2 cents a share, in the year-earlier period. Adjusted per-share earnings came to 60 cents, ahead of the 46 cents FactSet consensus. Revenue rose to $125.6 million from $77.7 million. The FactSet consensus was for $132 million. Carbonite shares soared 25% in early trade, while OpenText was up 2%.
Carbonite (NASDAQ: CARB ) shares are trading sharply higher after the company announced it would be acquired by OpenText (NASDAQ: OTEX ) for $23 per share in cash, the total purchase price is $1.42 billion. ...
WATERLOO, Ontario , Nov. 11, 2019 /CNW/ -- OpenText™ (OTEX) (OTEX.TO), "The Information Company," announced today that it has entered into a definitive agreement to acquire Carbonite, Inc. (CARB) ("Carbonite"), provider of cloud-based subscription data protection, backup, disaster recovery and end-point security to small and medium-sized businesses and consumers. "Cloud platforms and secured, smart end-points are essential Information Management technologies as businesses transform into Industry 4.0," said Mark J. Barrenechea , OpenText CEO & CTO. "This acquisition will further strengthen OpenText as a leader in cloud platforms, complete end-point security and protection, and will open a new route to connect with customers, through Carbonite's marquee SMB/prosumer channel and products.