July 22, 2009 (FinancialWire) — Open Text Corp. (NASDAQ: OTEX) said it has completed the acquisition of all of the issued and outstanding shares of Vignette Corp. (NASDAQ: VIGN) in a cash and stock deal worth around $321 million.

Under the deal, each outstanding share of Vignette common stock was converted into the right to receive $8 in cash, without interest and 0.1447 shares of Open Text common stock.

Open Text will issue around 3.45 million shares of its common stock in connection with the Merger. Based on the closing price of $36.84 per share of Open Text common stock on July 20, the deal is worth around $321 million.

The acquisition has received approval by Vignette’s stockholders.

Open Text expects to incur restructuring charges associated with the merger and said it will disclose, on July 27, estimates of the range of amounts expected to be incurred in a form 8-K filing.

Canada-based Open Text is an enterprise software company focused on enterprise content management.

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