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Technology Stocks
Softchoice Corporation (TSX: SFTC) Acquired by Worldwide Technology Holding Co. LLC
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Highlights
Softchoice Corporation (TSX:SFTC) has officially completed its acquisition by World Wide Technology Holding Co. LLC (WWT), marking the conclusion of a previously announced arrangement. The deal, which was approved by Softchoice shareholders during a special meeting on March 4, 2025, involves the purchase of all Softchoice's outstanding common shares for C$24.50 in cash per share.
The acquisition process followed a plan of arrangement, where the Purchaser, 2672989 Alberta ULC (an affiliate of WWT), took over the full issuance of Softchoice’s shares. As part of the transaction’s closure, the company expects its shares to be delisted from the Toronto Stock Exchange (TSX) on or about March 14, 2025. Additionally, Softchoice has applied to cease being a reporting issuer under Canadian securities laws.
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