BUZZ-Open Text Corp: Record high after deal for Dell-EMC unit

Mon Sep 12, 2016 10:33am EDT
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** Canadian business software maker's Toronto and U.S.-listed shares hit record high after company agrees to buy Dell-EMC's enterprise content unit for $1.62 bln

** U.S.-listed shares gain as much as 8.9 pct to $65.08, while Canadian shares advance 9.8 pct to C$85.62

** Dell-EMC unit to help Open Text expand services to larger businesses

** Over 385,000 U.S. shares traded, 2.2x their 30-day moving avg

** Up to Friday's close, U.S.-listed shares had risen about 33 pct in the last 12 months, while they gained about 31 pct in Toronto during the same period