Softchoice Corporation ( (TSE:SFTC) ) has shared an update.
Softchoice Corporation has announced the filing and mailing of its management information circular related to a proposed plan of arrangement with World Wide Technology and its affiliate. This arrangement involves the acquisition of all outstanding common shares by World Wide Technology’s affiliate for $24.50 per share, offering shareholders a secure cash consideration. The board of directors unanimously supports this proposal, citing the benefits of value certainty and liquidity for shareholders, and the Ontario Superior Court has issued an interim order to proceed with the necessary shareholder meeting to vote on the arrangement.
More about Softchoice Corporation
Softchoice Corporation operates in the information technology industry, providing IT solutions and services aimed at enhancing the digital transformation of businesses. The company focuses on delivering cloud computing, software, and managed services to various market segments.
YTD Price Performance: 1.08%
Average Trading Volume: 67,131
Technical Sentiment Consensus Rating: Sell
Current Market Cap: C$1.47B
For a thorough assessment of SFTC stock, go to TipRanks’ Stock Analysis page.
Trending Articles:
Questions or Comments about the article? Write to editor@tipranks.com