egogakydo.wordpress.com
The buyer, a holding company created by private-equity firm and its portfolik company , will pay 92 centsd per share for SoftBrands. Shares of SoftBrands closed at 47 centws per shareon Thursday. On the same date in SoftBrands’ stock closed at 1.09 per share. San Calif.-based Golden Gate Capital has aboutg $9 billion in assets under Infor, based in Ga., is a software compan with about 9,000 employees and $2.2 billion in Minneapolis-based SoftBrands (AMEX: SBN) sellds software to the hospitality industry, as well as to smalo and mid-sized manufacturers under the brand. Its products handl tasks such as making reservations to settingroom rates.
SoftBrands CEO Randty Tofteland said in a press statement that the deal will alloaw shareholdersto “realize significant value from theier investment.” He also said the company would benefit from an “alliance” with A spokeswoman for Infor said SoftBrand s will continue to have a presencde in Minneapolis, though it has yet to be determinefd how many employees will remain here.
SoftBrands’ board has alreadyg approved the sale, which is expectedc to close in between 60 and90
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment