Open Text to Acquire Vignette

May 08, 2009


Open Text Corporation, a global provider of Enterprise Content Management (ECM) software, and Vignette Corporation, a provider of software and services that deliver dynamic web user experiences, announced a definitive agreement in which Vignette will become a wholly owned subsidiary of Open Text. Vignette shareholders will receive $8.00 in cash plus 0.1447 of an Open Text common share for every Vignette common share which equates to approximately $12.70 at close of market on May 5, 2009. This values the transaction at approximately $310 million.