Brief: Converge Technology Solutions To Be Acquired By H.I.G. Capital

Converge Technology Solutions

07/02/2025 12:07

Feb 7 (Reuters) - Converge Technology Solutions Corp
 CTS.TO :
    * CONVERGE TECHNOLOGY SOLUTIONS TO BE ACQUIRED BY H.I.G.
CAPITAL
    * CONVERGE TECHNOLOGY SOLUTIONS CORP - SHAREHOLDERS TO
RECEIVE
C$5.50 PER SHARE IN CASH
    * CONVERGE TECHNOLOGY SOLUTIONS CORP - TRANSACTION VALUES
CONVERGE
AT ENTERPRISE VALUE OF C$1.3 BILLION
    * CONVERGE TECHNOLOGY SOLUTIONS CORP - TO DELIST COMMON
SHARES
FROM ALL PUBLIC MARKETS
    * CONVERGE TECHNOLOGY SOLUTIONS CORP - GREG BERARD TO SERVE
AS CEO
OF COMBINED BUSINESS
    * CONVERGE TECHNOLOGY SOLUTIONS CORP - FEE OF C$34.4 MILLION
PAYABLE BY CONVERGE IF DEAL TERMINATED UNDER CERTAIN
CIRCUMSTANCES

Source text:  ID:nCNWD3qdWa 
Further company coverage:  CTS.TO 

 ((Reuters.Briefs@thomsonreuters.com;))