01:00 PM EST, 12/31/2024 (MT Newswires) -- Tuesday morning before marked opened, Softchoice ( SFTCF ) and World Wide Technology Holding Co. (WWT) said they had entered an arrangement agreement for Softchoice ( SFTCF ) to be acquired by WWT, via an all-cash transaction, at $24.50 per share, valuing Softchoice ( SFTCF ) at an enterprise value of $1.8 billion.

"Since this deal has already been supported by a simple majority of shareholders, we view this transaction as essentially a "done deal" and thus have updated our price target and rating accordingly," writes National Bank analyst John Shao.

Softchoice ( SFTCF ) is now rated Tender (was Outperform) with a $24.50 (was $23) target.

Price: 24.30, Change: +2.94, Percent Change: +13.76