NexJ Systems to be acquired by Constellation Software unit for C$0.55/share

Aug. 29, 2022 1:26 PM ETNexJ Systems Inc. (NEXJF), NXJ:CACNSWF, CSU:CA, NXJ:CABy: Jessica Kuruthukulangara, SA News Editor
  • NexJ Systems (OTCPK:NEXJF) said Monday it will be acquired by N. Harris Computer, a subsidiary of Constellation Software (OTCPK:CNSWF), for C$0.55/share in cash.
  • NEXJF said the deal amount represents ~45% premium to its shares' last close on the Toronto Stock Exchange.
  • NEXJF will continue to focus on CRM and Integrated Advisor Desktop solutions for wealth management and private banking (B2C), and corporate and commercial banking (B2B).
  • "The acquisition by Harris will provide the financial strength and operational support required as NEXJF continues its transition to a subscription-based license model," said Scott Beattie, chair of NEXJF's board.
    • After the deal closes, which is expected in Q4, NEXJF's stock will be delisted from the TSX.

Recommended For You

Comments

To ensure this doesn’t happen in the future, please enable Javascript and cookies in your browser.
Is this happening to you frequently? Please report it on our feedback forum.
If you have an ad-blocker enabled you may be blocked from proceeding. Please disable your ad-blocker and refresh.