Softchoice Corporation announces date of special meeting, filing of management information circular in connection with the Arrangement Agreement with Birch Hill.

Softchoice Corporation announces date of special meeting, filing of management information circular in connection with the Arrangement Agreement with Birch Hill.

Canada NewsWire

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

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