Converge Technology Solutions Announces Shareholder Meeting for H.I.G. Capital Acquisition Approval

Converge Technology Solutions Corp ( (TSE:CTS) ) has issued an announcement.

Converge Technology Solutions Corp. has announced the filing and mailing of its management information circular for a special shareholder meeting to approve its acquisition by H.I.G. Capital. The company has received an interim court order and the expiration of the HSR Act waiting period, clearing significant hurdles for the acquisition. The proposed arrangement will see H.I.G. Capital acquire all outstanding shares for C$5.50 per share, valuing Converge at approximately C$1.3 billion. Shareholders will vote on the arrangement on April 10, 2025, in a virtual meeting.

More about Converge Technology Solutions Corp

Converge Technology Solutions Corp. operates in the technology sector, focusing on providing advanced IT solutions and services. The company is known for its expertise in cloud computing, cybersecurity, and managed services, catering to a diverse range of industries.

YTD Price Performance: 59.71%

Average Trading Volume: 1,375,328

Technical Sentiment Consensus Rating: Sell

Current Market Cap: C$1.02B

For an in-depth examination of CTS stock, go to TipRanks’ Stock Analysis page.