Baker Botts Advises Zix on $860 Million Sale to OpenText
Deal Description: Zix Corporation (NASDAQ: ZIXI) (“Zix”), a leading provider of cloud email security, threat protection and compliance cloud solutions for Small and Medium-sized Businesses (SMBs), today 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.
Baker Botts acted as legal advisor to Zix.
The company’s press release can be found here.
Baker Botts Lawyers/Offices:
Corporate: Don McDermett (Partner, Dallas), Grant Everett (Partner, Dallas), Justin Hoffman (Partner, Houston), Rusty Shellhorn (Associate, Dallas), Trevor Borg (Associate, Dallas), Will Brown (Associate, Dallas)
Tax: Steve Marcus (Partner, Dallas), Snow Rui (Associate, Dallas)
EBEC: David Schiller (Special Counsel, Dallas)
Antitrust: Paul Cuomo (Partner, Washington, D.C.), Mike Bodosky (Special Counsel, Washington, D.C.), David Cardwell (Partner, Brussels), Christine Ryu-Naya (Special Counsel, Washington, D.C.)
CFIUS: Paul Luther (Partner, Washington, D.C.)
Data Privacy: Steve Mann (Partner, Dallas)
Intellectual Property: Luke Pedersen (Partner, Washington, D.C.)
Labor and Employment: Jennifer Trulock (Partner, Dallas)
Finance: Luke Weedon (Partner, Dallas), Josh Espinosa (Associate, Dallas)
Environmental: Harrison Reback (Senior Associate, Houston)
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