Birch Hill to Take Softchoice Private for $412M

Publicly-traded Softchoice Corp., a Toronto-based provider of IT solutions and services has agreed to be taken private by Canadian buyout firm Birch Hill Equity Partners. Under the terms of the agreement, Birch Hill will buy all of the company's common shares for $20.00 per share, representing total equity value of approximately $412 million. The deal, which has been recommended by Softchoice's board of directors, will be voted on by shareholders at a special meeting expected to occur in June, 2013.

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