Softchoice Corporation announces date of special meeting, filing of management information circular in connection with the Arrangement Agreement with Birch Hill.
Special Meeting Date: June 10, 2013
Special Meeting Location: Dockside 1 Room, Westin Harbour Castle Hotel, Toronto, Ontario,
TORONTO, May 13, 2013 /CNW/ - Softchoice Corporation (TSX: SO), a leading North American provider of IT Solutions and Services, announced today the time and place of the special meeting (the "Meeting") of shareholders of Softchoice (the "Shareholders") being held in connection with the previously announced proposed plan of arrangement (the "Arrangement"), pursuant to which Goliath Acquisition Inc., a newly incorporated corporation owned by Birch Hill Fund IV, will acquire, directly or indirectly, all of the outstanding common shares of Softchoice (with certain exceptions relating to senior officers of Softchoice), for $20.00 in cash per common share. The Meeting will be held at the Dockside 1 Room, Westin Harbour Castle Hotel, 1 Harbour Square, Toronto, Ontario, M5J 1A6 on June 10, 2013 commencing at 10:00 a.m. (Toronto time). The Board of Directors has fixed May 9, 2013 as the record date for determining Shareholders who are entitled to receive notice of and to vote at the Meeting.
The Board of Directors of Softchoice has unanimously determined that the Arrangement is in the best interests of Softchoice and recommends that Shareholders vote in favour of the Arrangement.
Softchoice has commenced mailing to registered Shareholders of its management information circular (the "Circular") in connection with the Meeting. The Circular, Notice of Meeting and Form of Proxy prepared in connection with the Meeting are available on SEDAR at www.sedar.com and on Softchoice's website at www.softchoice.com.
As previously announced, the annual and special meeting of Shareholders that was scheduled for May 15, 2013 has been postponed until June 28, 2013 and will be cancelled if the Arrangement has been completed by then.
About Softchoice
As a leading North American provider of technology solutions and services, Softchoice combines the efficiency and reliability of a national IT supplier with the personal touch and technical expertise of a local solutions provider. Softchoice's holistic approach to technology includes solution design, implementation and asset management and cloud services, as well as access to one of the most comprehensive and cost-effective technology distribution networks in North America. With over 1,200 employees, Softchoice manages the technology needs of thousands of corporate and public sector organizations across the United States and Canada.
Softchoice stock is listed on the Toronto Stock Exchange (TSX) under the trading symbol "SO." The common shares of Softchoice are not registered under the U.S. Securities Act of 1933 and are not publicly traded in the United States.
About Birch Hill
With $2 billion in capital under management, 20 partner companies and 31 fully realized investments since 1994, Birch Hill is the leader in long-term value creation in the Canadian mid-market. As a group, Birch Hill's partner companies represent one of Canada's largest corporate entities with over $4.7 billion in total revenue and more than 28,000 employees. For more information about Birch Hill Equity Partners, please visit www.birchhillequity.com.
Forward-Looking Information
This press release contains forward-looking statements that involve risks and uncertainties. These forward-looking statements relate to expectations, intentions and plans contained in this press release that are not historical fact. When used in this press release, the words "anticipate", "expect", "will" and similar expressions generally identify forward-looking statements. These statements reflect our current expectations and are subject to a number of risks and uncertainties including, but not limited to, change in technology and general market conditions, many of which are set out or incorporated by reference in Softchoice's latest Annual Information Form. Due to the many risks and uncertainties, Softchoice cannot assure that the forward-looking statements contained in this press release will be realized.
SOURCE: Softchoice Corporation
Media Contact
Eric Gardiner
Manager of Communications
Softchoice Corporation
416-588-9002 x 2358
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