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Converge Technology Solutions Corp T.CTS

Alternate Symbol(s):  CTSDF

Converge Technology Solutions Corp. is a services-led, software-enabled, information technology (IT) and cloud solutions provider. Its global approach delivers advanced analytics, artificial intelligence (AI), application modernization, cloud platforms, cybersecurity, digital infrastructure, and digital workplace offerings to clients across various industries. It supports these solutions with advisory, implementation, and managed services across all IT vendors in the marketplace. Its segments include Converge Hybrid IT Solutions (Converge), and Portage Software-as-a-Solution (SaaS) Solutions. Converge is focused on delivering advanced analytics, application modernization, cloud, cybersecurity, digital infrastructure, digital workplace, and managed services offerings and provision of hardware and software products and solutions to clients across various industries and organizations. SaaS is focused on digital transactions between individuals, businesses, and government organizations.


TSX:CTS - Post by User

Comment by AlwaysLong683on Mar 21, 2023 2:12am
147 Views
Post# 35350421

RE:RE:RE:RE:Depressing

RE:RE:RE:RE:DepressingIf a suitor makes a firm offer, they usually include a deadline date and time on or before which the takeout target has to accept, otherwise the offer is null and void.

Who knows what has taken place so far? Lowball offers rejected by the Strategic Committee? Decent offers rejected by the Strategic Committee? Lack of clarity on the path forward and thus no decision yet from the Special Committee? Other....?

Bought out by another publicly-traded company or taken private, same process. CTS's Special Committee would recommend the offer be accepted by the BOD and if the BOD agrees, a press release would go out announcing the particulars of the deal and BOD support for it.



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