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Converge Technology Solutions Corp ( (TSE:CTS) ) just unveiled an announcement.
Converge Technology Solutions Corp has amended its arrangement agreement with H.I.G. Capital, increasing the cash offer for its common shares to C$6.00 per share. This decision follows an unsolicited proposal from a third party offering a slightly higher price, but the board chose the amended agreement with H.I.G. due to the certainty and benefits it provides to stakeholders, including the discontinuation of legal proceedings and third-party discussions.
More about Converge Technology Solutions Corp
Converge Technology Solutions Corp operates in the technology industry, offering IT services and solutions. The company focuses on providing digital infrastructure, cloud, and cybersecurity solutions to a wide range of clients, enhancing their technological capabilities and operational efficiency.
YTD Price Performance: 60.88%
Average Trading Volume: 1,424,428
Technical Sentiment Signal: Sell
Current Market Cap: C$1.03B
Learn more about CTS stock on TipRanks’ Stock Analysis page.