Overwhelming Support for HIG Capital's Acquisition of Converge Technology

April 10, 2025 - 17:20

In a significant development for Converge Technology, shareholders have overwhelmingly approved the acquisition by HIG Capital, with an impressive 98.85% voting in favor of the deal. The acquisition involves a cash offer of C$6.00 per share, marking a pivotal moment for the company as it seeks to enhance its growth and operational capabilities.

The transaction is expected to be completed by April 22, signaling a new chapter for Converge Technology. This acquisition is anticipated to provide the company with increased resources and strategic support, aligning with its long-term goals in the technology sector.

The strong shareholder backing underscores confidence in HIG Capital's ability to drive Converge Technology forward and capitalize on emerging opportunities in the market. As the completion date approaches, stakeholders are eager to see how this partnership will unfold and what it means for the future of Converge Technology in an increasingly competitive landscape.