The latest update is out from Converge Technology Solutions Corp ( (TSE:CTS) ).
Converge Technology Solutions Corp. announced that two independent proxy advisory firms, including Institutional Shareholder Services Inc., have recommended shareholders vote in favor of the proposed acquisition by an affiliate of H.I.G. Capital. The acquisition involves a cash offer of C$5.50 per share, representing a premium to the unaffected price. The board of directors and a special committee of Converge have also unanimously recommended the approval of this arrangement, which could significantly impact the company’s operations and market positioning.
More about Converge Technology Solutions Corp
Converge Technology Solutions Corp. is a services-led, software-enabled IT and Cloud Solutions provider. The company focuses on delivering outcomes-driven solutions that address human-centered challenges through advanced analytics, AI, cloud platforms, cybersecurity, digital infrastructure, and workplace transformation.
YTD Price Performance: 60.88%
Average Trading Volume: 1,431,987
Technical Sentiment Signal: Sell
Current Market Cap: C$1.03B
See more data about CTS stock on TipRanks’ Stock Analysis page.