OpenText Closes EasyLink Transaction
Jul 10, 2012 (Close-Up Media via COMTEX) --
Open Text Corp. and EasyLink Services International Corp. announced the completion of the merger of EasyLink with an indirect subsidiary of OpenText.
According to a release, as a result of the merger, EasyLink became an indirect subsidiary of OpenText.
The Company reported that the OpenText Cloud is immediately available worldwide.
"The OpenText Cloud is a platform for Enterprise Information Management. OpenText is the only vendor who can offer this complete suite of capabilities in the cloud, from Enterprise Content Management through Information Exchange," said OpenText CEO, Mark J. Barrenechea. "Furthermore, I welcome the EasyLink customers, partners and employees to OpenText."
As a result of the merger EasyLink's common stock ceased trading on the Nasdaq Capital Market and its shares will no longer be listed. Stockholders who hold shares through a bank or broker will not have to take any action to have their shares converted into cash, since these conversions will be handled by the bank or broker. Stockholders who hold certificates can surrender their certificates for $7.25 per share in cash, without interest, through the paying agent for the merger, American Stock Transfer & Trust Company.
OpenText is an independent provider of Enterprise Content Management (ECM) software.
EasyLink Services International Corp. is a provider of cloud-based electronic messaging and business integration services.
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