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.
14 Articles
14 Articles
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
The latest company information, including net asset values, performance, holding & sectors weighting, changes in voting rights, and directors and dealings.
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.
TechCrunch
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…
Tata Consulting Engineers acquires US-based CDI Engineering Solutions
Tata Consulting Engineers (TCE), the pure-play design, engineering, and project management consultancy, announced the acquisition of CDI Engineering Solutions (CDI), formerly Comprehensive Designers, Inc. (CDI), a renowned US-based design engineering firm with a 75-year legacy. This strategic acquisition is a significant milestone in TCE’s journey to build a global business of scale, delivering value by […] The post Tata Consulting Engineers acq…
Coverage Details
Bias Distribution
- 60% of the sources are Center
To view factuality data please Upgrade to Premium
Ownership
To view ownership data please Upgrade to Vantage
