BUZZ-Daegis Inc: Agrees to be acquired by Open Text

Fri Oct 9, 2015 9:12am EDT
 
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** Enterprise and data management software maker's shares jump 95 pct to 80 cents premarket after agreeing to a buyout offer from Open Text Corp

** Canada-based software maker Open Text's unit to commence tender offer at 82 cents/shr, double stock's Thursday close

** Says offer reflects an equity value of about $13.5 mln

** Up to Thursday's close, Daegis's shares had fallen about 44 pct this year