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Press release content from Globe Newswire. The AP news staff was not involved in its creation.
PRESS RELEASE: Paid content from Globe Newswire
Press release content from Globe Newswire. The AP news staff was not involved in its creation.

ZIX ALERT: Bragar Eagel & Squire, P.C. Reminds Investors of its Investigation of the Sale of ZIXI and Encourages Investors to Contact the Firm

November 20, 2021 GMT

NEW YORK, Nov. 19, 2021 (GLOBE NEWSWIRE) -- Bragar Eagel & Squire, P.C., a nationally recognized stockholder rights law firm, reminds investors of its investigation into whether the officers or directors of Zix Corporation (NASDAQ: ZIXI) breached their fiduciary duties or violated the federal securities laws in connection with the company’s acquisition by Open Text Corporation (NASDAQ: OTEX) (“OpenText”).

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On November 8, 2021, Zix announced that it had entered into an agreement to be acquired by OpenText in a deal worth approximately $860 million. Pursuant to the merger agreement, Zix stockholders will receive $8.50 in cash for each share of Zix common stock owned.  

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Bragar Eagel & Squire is concerned that Zix’s board of directors oversaw an unfair process and ultimately agreed to an inadequate merger agreement. Accordingly, the firm is investigating all relevant aspects of the deal and is committed to securing the best result possible for Zix’s stockholders.

If you own shares of Zix and are concerned about the proposed merger, or you are interested in learning more about the investigation or your legal rights and remedies, please contact Melissa Fortunato or Alexandra Raymond by email at  investigations@bespc.com  or telephone at (646) 860-9157, or by  filling out this contact form. There is no cost or obligation to you.

About Bragar Eagel & Squire, P.C.:
Bragar Eagel & Squire, P.C. is a nationally recognized law firm with offices in New York, California, and South Carolina. The firm represents individual and institutional investors in commercial, securities, derivative, and other complex litigation in state and federal courts across the country. For more information about the firm, please visit www.bespc.com. Attorney advertising. Prior results do not guarantee similar outcomes.

Contact Information:
Bragar Eagel & Squire, P.C.
Melissa Fortunato, Esq.
Alexandra Raymond, Esq.
investigations@bespc.com
www.bespc.com