clarityviellegq67.blogspot.com
The buyer, a holding company created by private-equity firm and its portfoli ocompany , will pay 92 cents per share for Shares of SoftBrands closed at 47 cents per sharew on Thursday. On the same date in SoftBrands’ stock closed at 1.09 per San Francisco, Calif.-based Golden Gate Capital has about $9 billionm in assets under management. Infor, basesd in Alpharetta, Ga., is a softwar company with about 9,000 employees and $2.2 billion in revenue. Minneapolis-based SoftBrands (AMEX: SBN) sells softwar to the hospitality industry, as well as to smalk and mid-sized manufacturers under the brand. Its productss handle tasks such as making reservationxs to settingroom rates.
SoftBrands CEO Randty Tofteland said in a prese statement that the deal will allows shareholdersto “realize significant value from theie investment.” He also said the company would benefiy from an “alliance” with Infor. A spokeswoman for Infotr said SoftBrands will continue to have a presence in though it has yet to be determined how many employee s willremain here. SoftBrands’ board has already approved the which is expected to close in between 60 and90
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment