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Subsequent Events
6 Months Ended
Dec. 31, 2018
Subsequent Events [Abstract]  
SUBSEQUENT EVENTS SUBSEQUENT EVENTS
Cash Dividends
As part of our quarterly, non-cumulative cash dividend program, we declared, on January 30, 2019, a dividend of $0.1518 per Common Share. The record date for this dividend is March 1, 2019 and the payment date is March 22, 2019. Future declarations of dividends and the establishment of future record and payment dates are subject to the final determination and discretion of our Board.
Acquisition of Catalyst Repository Systems Inc.
On January 31, 2019, we signed and closed the acquisition of Catalyst Repository Systems Inc. (Catalyst) for approximately $75 million in an all cash transaction. Catalyst, headquartered in Denver, Colorado, is a leading provider of eDiscovery, that designs, develops and supports market-leading cloud eDiscovery software. We expect that the acquisition will complement and extend our EIM portfolio. The results of operations of Catalyst will be consolidated with those of OpenText during the third quarter of Fiscal 2019, beginning on the date of closing.