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OpenText divesting AMC business to Rocket Software for US$2.3 billion

  • Open Text Corp. Is divesting its mainframe-computer business to focus on cloud capabilities and AI, aiming for higher organic growth.
  • The company sold Micro Focus's application modernization and connectivity unit to Rocket Software Inc. For US$2.275 billion in cash.
  • The divestiture improves Open Text's balance sheet, accelerates its delivering targets, and provides capital flexibility.
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