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Investing.com -- Sangoma Technologies Corp (NASDAQ:SANG) shares surged 44% in after-hours trading Monday following the announcement that BRC Group Holdings (NASDAQ:RILY) will acquire the company for approximately $204 million.
TORONTO & LOS ANGELES, September 28, 2026--Sangoma Technologies Corporation (TSX: STC; NASDAQ: SANG) ("Sangoma"), a trusted industry leader uniquely offering businesses a choice of on-premises, cloud-based or hybrid communications solutions, and BRC Group Holdings, Inc. (NASDAQ: RILY) ("BRC"), a diversified holding company with a scaled business communications portfolio, announced today that the companies have entered into a definitive arrangement agreement (the "Arrangement Agreement") pursuant
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