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Fly News Breaks for November 12, 2019
Nov 12, 2019 | 07:40 EDT
Benchmark analyst Mark Schappel said Open Text's (OTEX) acquisition of Carbonite (CARB), while larger than most of the company's deals, is consistent with management's strategy, brings the company into the small-to-midsize business software arena, and should add about $500M in annualized revenues including Webroot. The analyst, who views the transaction favorably, keeps a Buy rating on Open Text shares.
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