On Tuesday, Softchoice Corp. (SFTCF.PK) announced a definitive agreement to be acquired by World Wide Technology Holding Co., LLC. The acquisition is set at C$24.50 per share, culminating in a total valuation of approximately C$1.8 billion.
This strategic move aims to enhance Softchoice's access to a broader base of commercial, small, and medium-sized enterprise customers, while simultaneously reinforcing World Wide Technology Holding's market presence in the United States, Canada, and globally.
The transaction will be conducted entirely in cash and is anticipated to close towards the end of the first quarter or the beginning of the second quarter of 2025.
Upon finalization of the deal, Softchoice's outstanding shares will be removed from the Toronto Stock Exchange listings and the company will discontinue being a reporting issuer in all relevant Canadian jurisdictions.
