Canada's OpenText to buy some HP Inc assets for $315 million

June 20, 2016 2:26 PM

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Canada's OpenText to buy some HP Inc assets for $315 million

Canadian business software maker OpenText Corp (OTC.TO) said it would buy HP Inc's (HPQ.N) customer management software business for $315 million.

The business is expected to generate between $110 million and $125 million of annualized revenue and immediately add to earnings, OpenText said on Monday.

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