BRC agrees cash-and-stock purchase of Sangoma at $204 million enterprise value
BRC Group Holdings ($RILY) has agreed to acquire Sangoma ($SANG) Technologies in a transaction valuing the communications provider at approximately $204 million including debt. Each Sangoma share would receive $4.925 in cash and 0.04767 BRC shares. Using BRC’s stated reference price, the package was worth $5.225 per Sangoma share, a roughly 47% premium to Sangoma’s Toronto closing price. Both boards approved the agreement, and Sangoma directors and officers holding about 27% of its shares signed
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