On December 31, 2024, Softchoice Corporation (TSX:SFTC) announced that it would be acquired by World Wide Technology (WWT) in an all-cash transaction valued at C$1.8 billion. Shareholders received C$24.50 per share, a 14% premium to the December 30, 2024, closing price. The deal, unanimously approved by Softchoice’s board, is subject to shareholder and regulatory approvals and is expected to close in Q1 or Q2 2025.

TD Securities and RBC Capital Markets advised Softchoice, with legal counsel from Stikeman Elliott LLP. WWT was advised by BDT & MSD and BofA Securities, with Blake, Cassels & Graydon LLP and Bryan Cave Leighton Paisner LLP providing legal advice.

Key shareholders, including Birch Hill Equity Partners, supported the transaction. Softchoice’s shares will be delisted post-closing. The acquisition enhances WWT’s software, cloud, and AI capabilities and strengthens its North American and global presence.