The latest update is out from Converge Technology Solutions Corp ( (TSE:CTS) ).
Converge Technology Solutions Corp. has entered into an agreement to be acquired by H.I.G. Capital in an all-cash transaction valuing the company at approximately C$1.3 billion. This move will see Converge delist from public markets and integrate with H.I.G.’s Mainline Information Systems, enhancing their combined capabilities in IT solutions. The acquisition, supported by 24% of Converge’s shareholders, offers significant premiums on shares and positions the company for strategic growth under a unified management team.
More about Converge Technology Solutions Corp
Converge Technology Solutions Corp. operates in the information technology sector, offering a range of services and solutions focusing on enterprise server, hybrid cloud, cybersecurity, and digital infrastructure. The company is known for providing professional and managed services, with a market focus on enhancing digital infrastructure and security solutions.
YTD Price Performance: 3.82%
Average Trading Volume: 529,862
Technical Sentiment Consensus Rating: Buy
Current Market Cap: C$665.8M
For detailed information about CTS stock, go to TipRanks’ Stock Analysis page.