BRIEF-Converge Technology Solutions To Be Acquired By H.I.G. Capital-February 2024-www.financetom.com

BRIEF-Converge Technology Solutions To Be Acquired By H.I.G. Capital

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BRIEF-Converge Technology Solutions To Be Acquired By H.I.G. Capital

Feb 7, 2025 4:24 AM

Feb 7 (Reuters) - Converge Technology Solutions Corp ( CTSDF )

* CONVERGE TECHNOLOGY SOLUTIONS TO BE ACQUIRED BY H.I.G.

CAPITAL

* CONVERGE TECHNOLOGY SOLUTIONS CORP ( CTSDF ) - SHAREHOLDERS TO

RECEIVE

C$5.50 PER SHARE IN CASH

* CONVERGE TECHNOLOGY SOLUTIONS CORP ( CTSDF ) - TRANSACTION VALUES

CONVERGE

AT ENTERPRISE VALUE OF C$1.3 BILLION

* CONVERGE TECHNOLOGY SOLUTIONS CORP ( CTSDF ) - TO DELIST COMMON

FROM ALL PUBLIC MARKETS

* CONVERGE TECHNOLOGY SOLUTIONS CORP ( CTSDF ) - GREG BERARD TO SERVE

AS CEO

OF COMBINED BUSINESS

* CONVERGE TECHNOLOGY SOLUTIONS CORP ( CTSDF ) - FEE OF C$34.4 MILLION

PAYABLE BY CONVERGE IF DEAL TERMINATED UNDER CERTAIN

CIRCUMSTANCES

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