According to Reuters, Zix Corporation (ZIXI) seeking strategic alternatives

  • October 20, 2021

POTENTIAL DEAL DETAILS

Stock Zix Corporation Symbol ZIXI
Date Announced 10/18/2021 Source Reuters
Type Company Seeking Strategic Alternatives
Date of Confirmation: 11/08/2021 Price at Confirmation: $8.48
Potential Profit: 4.95% Annualized Profit: 86.04%

Zix Corp (ZIXI), a U.S. provider of email security solutions, is exploring strategic alternatives that include a sale of the company, according to people familiar with the matter.

Update(s):

November 8, 2021: Zix Corporation (ZIXI), announced that it has entered into a definitive agreement to be acquired by OpenText™, a market-leading provider of Information Management solutions, for $8.50 per share in cash, representing an enterprise value of $860 million.

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