US EditionConverge Technology Solutions and H.I.G. Capital Agree to Amend Arrangement Agreement
- Converge Technology Solutions and H.I.G. Capital agreed to amend their arrangement agreement on April 1, 2025.
- Converge received an unsolicited proposal from a Third Party, prompting H.I.G. To amend the existing agreement.
- The amended agreement increases the cash price to C$6.00 per Common Share for shareholders, excluding those with rollover equity agreements.
- The Third Party's amended binding Acquisition Proposal increased the price per Common Share by 1.7% to C$6.10.
- Converge's board recommends shareholders vote for the Arrangement Resolution at the April 10, 2025, virtual meeting, with completion expected around April 17, 2025.
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Converge Technology Solutions and H.I.G. Capital Agree to Amend Arrangement Agreement
TORONTO and GATINEAU, QC, April 1, 2025 /PRNewswire/ - Converge Technology Solutions Corp. ("Converge" or the "Company") (TSX: CTS) (FSE: 0ZB) (OTCQX: CTSDF) announced today that the Company has agreed to amend (the "Amendment") the previously announced arrangement agreement dated…
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Leaning Left2Leaning Right3Center11Last UpdatedBias Distribution69% Center
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