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 board, but has yet to be voted on by the company’s shareholders. It’s also subject to court approval and customary closing conditions; the firms expect it to be finalized in late Q1 or early Q2 2025.

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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

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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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

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.

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Tech services firm WWT acquires Canadian IT provider Softchoice in all-cash deal

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St. Louis-based tech services company World Wide Technology agrees to acquire Canadian IT provider Softchoice in an all-cash deal valuing Softchoice at ~CA$1.8B

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PITTSBURGH–(BUSINESS WIRE)–Wabtec Corporation (NYSE: WAB) announced today it has acquired Bloom Engineering, Inc., a leading provider in industrial heating applications. This acquisition strengthens Wabtec’s portfolio of heat transfer and energy solutions, integrating Bloom Engineering’s advanced technologies in burners, combustion systems, and overall services for industrial and process heating applications. The combination of Bloom Engineering…

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Wabtec Acquires Bloom Engineering

World Wide Technology Holding Co. Ltd today announced plans to acquire rival Softchoice Corp. for $1.8 billion Canadian dollars, or about $1.25 billion. The all-cash offer values Toronto-based Softchoice at C$24.5 per share. That’s a premium of more than 10% to the company’s Monday close and 62% higher than the price at which it went […] The post WWT to acquire Softchoice in $1.25B technology services deal appeared first on SiliconANGLE.

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WWT to acquire Softchoice in $1.25B technology services deal - SiliconANGLE

Morningstar.com

Softchoice, a Toronto-based software and cloud services provider, has agreed to be acquired by World Wide Technology (WWT) for around C$1.8 billion (approximately $1.25 billion USD). Shareholders will receive C$24.50 per share in cash if the deal closes as planned. This proposal already has the backing of investors holding over half of Softchoice’s outstanding shares. The agreement is expected to reach the finish line in late Q1 or early Q2 of 2…

Market Business News

Softchoice agrees to WWT’s C$1.8 billion buyout offer

Softchoice and World Wide Technology, a global technology solutions and services provider, announced that they have entered into an arrangement agreement for Softchoice to be acquired by WWT via an all-cash transaction, which values Softchoice at an enterprise value of approximately C$1.8 billion. The shareholders, including each of the directors and senior officers of Softchoice representing about 51.3% of Softchoice’s issued and outstanding co…

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World Wide Technology Buying Softchoice For C$1.8 Billion

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Tech services firm WWT acquires Canadian IT provider Softchoice in all-cash deal

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