Sangoma Technologies Corporation Enters into Definitive Agreement to Acquire Star2StarJanuary 29, 2021
Sangoma Technologies Corporation (TSXV:STC) a trusted leader in delivering cloud-based Communications-as-a-Service (“CaaS”) solutions, entered into a stock purchase agreement dated January 29, 2021 (the “Agreement”) to acquire StarBlue Inc. (dba Star2Star Communications, herein “Star2Star”).
Pursuant to the Agreement, Sangoma will acquire Star2Star (the “Acquisition”) for approximately US$437 million, consisting of US$105 million in cash and 110 million common shares of Sangoma. The transaction will be subject to approval by Sangoma shareholders at a special meeting of shareholders expected to be held in late March or early April 2021 (the “Special Meeting”), with closing expected to occur shortly thereafter, subject to TSXV approval and other customary closing conditions.
Wildeboer Dellelce LLP acted as Canadian legal counsel for Sangoma in connection with the Acquisition with a team comprised of Charlie Malone, Ragu Anantharajah and Julian Lupo (Corporate finance and Securities / Mergers and Acquisitions).
Full details can be found here.
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