Open Text (OTEX) Flat on Buying Daegis

Open Text Corporation

shares eked up 0.1% to $47.16., after it announced that its indirect wholly-owned subsidiary, Company D Merger Sub Inc., has commenced its previously announced tender offer for all outstanding shares of common stock of Daegis Inc. for $0.82 per share. Share volume was 103,000, compared to an all-day average of 376,000