08:05 AM EST, 12/31/2024 (MT Newswires) -- Softchoice ( SFTCF ) on Tuesday said it will be acquired by World Wide Technology for $1.8 billion, or $24.50 cash per share, a 14% premium to the Dec. 30 closing price on the Toronto Stock Exchange.

The transaction, which is not dependent on any financing condition, is expected to close in the first half of 2025 after regulatory and court approvals are obtained.

Softchoice ( SFTCF ) will be delisted from the Toronto Stock Exchange after the acquisition closes.