US EditionTech services firm WWT acquires Canadian IT provider Softchoice in all-cash deal
- World Wide Technology has agreed to acquire Softchoice Corporation in an all-cash deal valued at approximately C$1.8 billion.
- The acquisition price is C$24.50 per share, which is above Softchoice's 52-week high closing price as of December 30, 2024.
- The transaction will be executed through a statutory plan of arrangement under the Canada Business Corporations Act.
- Following the acquisition, Softchoice's shares will be delisted from the TSX, and it will cease to be a reporting issuer in Canada.
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Softchoice Corporation and World Wide Technology Enter Into Definitive Agreement for Softchoice to Be Acquired by World Wide Technology at a Price of C$24.50 Per Share – Company Announcement
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Softchoice to be acquired for US$1.8 billion, delist from TSX
Softchoice Corp. will be acquired by U.S.-based World Wide Technology in an all-cash deal that is expected to de-list the cloud tech firm from the Toronto Stock Exchange a few years after its initial public offering.
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RocketNewsTech services firm WWT acquires Canadian IT provider Softchoice in all-cash deal
One last mega-deal closed out an eventful 2024. On Tuesday, World Wide Technology (WWT), a tech services company based in St. Louis, announced it has agreed to acquire Canadian IT provider Softchoice in a deal that values the latter at $1.8 billion CAD (~$1.25 billion). The deal, which is all-cash, was unanimously approved by Softchoice’s […] © 2024 TechCrunch. All rights reserved. For personal use only.
Softchoice to be Acquired by World Wide Technology for C$24.50/Share - AI-Tech Park
Key highlights: Softchoice Corporation, a Canadian software and cloud-focused IT solutions provider, and World Wide Technology Holding Co., LLC, a global technology solutions provider, combine via an all-cash transactionConsideration of C$24.50 per share in cash, valuing Softchoice at an enterprise value (“EV”) of approximately C$1.8 billion1Results in a total shareholder return of approximately 62%2 on the Company’s initial public offering shar…
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