OpenText Shareholders Approve Shareholder Rights Plan

Open Text ( (TSE:OTEX) ) just unveiled an announcement.

On December 9, 2025, OpenText Corporation’s shareholders approved the continuance, amendment, and restatement of the shareholder rights plan, which aims to prevent any single entity from acquiring 20% or more of the company’s common shares without making a permitted bid. This move is intended to give the Board of Directors more control over any potential sale process, thereby increasing the likelihood of better offers for shareholders. Additionally, the company’s annual meeting saw the election of directors and the re-appointment of KPMG LLP as independent auditors, with P. Thomas Jenkins continuing as Chair of the Board.

The most recent analyst rating on (TSE:OTEX) stock is a Buy with a C$53.00 price target. To see the full list of analyst forecasts on Open Text stock, see the TSE:OTEX Stock Forecast page.

Spark’s Take on TSE:OTEX Stock

According to Spark, TipRanks’ AI Analyst, TSE:OTEX is a Outperform.

Open Text’s overall stock score is driven by strong financial performance and positive earnings call highlights, particularly in cloud revenue growth and improved profit margins. However, technical indicators suggest a bearish trend, and valuation metrics are fair but not compelling. The company’s high leverage and challenges in certain segments, such as customer support and cybersecurity, present risks that temper the overall score.

To see Spark’s full report on TSE:OTEX stock, click here.

More about Open Text

OpenText is a global leader in secure information management for AI, helping organizations protect, govern, and activate their data with confidence. The company focuses on turning data into information with context to form the knowledge base for AI.

Average Trading Volume: 1,017,315

Technical Sentiment Signal: Buy

Current Market Cap: C$11.68B

Find detailed analytics on OTEX stock on TipRanks’ Stock Analysis page.