Actuate Corp. (BIRT) announced Friday morning that it agreed to be acquired by an affiliate of Open Text (OTEX) for $6.60 in cash per share. The transaction is expected to close in the first quarter of 2015.
Actuate has gapped open dramatically higher this morning and is now up 3.05 at $6.55 on the highest volume in 7 months. The stock has leaped to a 10-month high.
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May 01, 2026 15:54 ET Central banks dominated the economics news flow this week with almost all major ones announcing their latest policy decisions and many boosted expectations for a rate hike in June. In other news, several countries released the preliminary data for first quarter economic growth. In the U.S., comments by Fed Chair Jerome Powell were also in focus as his term ends this month.