Daegis: OpenText Commences Tender Offer for Daegis Inc.

WATERLOO, Ontario, Oct. 23, 2015 /PRNewswire/ -- Open Text Corporation (NASDAQ: OTEX) (TSX: OTC) today announced that its indirect wholly-owned subsidiary, Company D Merger Sub Inc., has commenced its previously announced tender offer for all outstanding shares of common stock of Daegis Inc. (OTC Pink: DAEG) at a price of U.S. $0.82 per share. The tender offer is being made in connection with the Agreement and Plan of Merger, dated as of October 8, 2015 (the "Merger Agreement"), by and among OpenText, Company D Merger Sub Inc. and Daegis, which OpenText and Daegis announced on October 8, 2015.read more