Converge Technology Solutions Corp (CTS.CA) Stock News

Banks Postpone Loan Sale for HIG’s US-Canada IT Merger

A group of banks led by Bank of Montreal have postponed a $1.1 billion loan sale that was to help finance HIG Capital LLC’s planned purchase of Canadian firm Converge Technology Solutions Corp., according to people with knowledge of the matter.

Mentions: BMO BMO.CA

HIG to Merge Canada’s Converge With US Peer in $908 Million Deal

HIG Capital LLC will buy Converge Technology Solutions Corp. in a C$1.3 billion ($908 million) deal, that will lead to the IT and cloud computing company being merged with a US rival.