World Wide Technology Holding To Acquire Softchoice For C$1.8 Bln

(RTTNews) - Tuesday, Softchoice Corp. (SFTCF.PK) revealed an agreement to be acquired by World Wide Technology Holding Co., LLC. for C$24.50 per share, amounting to a total of approximately C$1.8 billion.

The acquistion is estimated to strengthen Softchoice's access to commercial, small, and medium business customers while expanding World Wide Technology Holding's position in the U.S., Canada, and around the world.

The all-cash transaction is expected to close in the late first quarter or early second quarter of 2025.

Following the completion of the transaction, the outstanding shares will be delisted from the TSX and the company will cease to be a reporting issuer in all applicable Canadian jurisdictions.