World Wide Technology Finalizes Acquisition of Softchoice Corporation

An announcement from Softchoice Corporation ( (TSE:SFTC) ) is now available.

World Wide Technology has completed its acquisition of Softchoice Corporation, with the latter’s shares being purchased at C$24.50 each, totaling approximately C$1.48 billion. Following this acquisition, Softchoice’s shares are expected to be delisted from the Toronto Stock Exchange, and the company plans to cease being a reporting issuer under Canadian securities laws. This acquisition is expected to enhance Softchoice’s market positioning by leveraging World Wide Technology’s resources, including its Advanced Technologies Centre, to deliver innovative technology solutions at scale.

More about Softchoice Corporation

Softchoice Corporation is a software and cloud-focused IT solutions provider specializing in AI-powered cloud and digital workplace solutions. The company aims to enhance engagement, connectivity, and creativity at work while helping organizations become agile, innovative, and secure. Softchoice is recognized as a Great Place to Work® in Canada and the United States and has been acknowledged as a Best Workplace in Canada for 19 years. As part of World Wide Technology, Softchoice benefits from access to advanced technology resources and global distribution capabilities.

YTD Price Performance: 1.28%

Average Trading Volume: 113,920

Technical Sentiment Consensus Rating: Sell

Current Market Cap: C$1.48B

See more data about SFTC stock on TipRanks’ Stock Analysis page.