http://amiranpac.org/article/University-Lecturer-Receives-National-Recognition--UK.html
The buyer, a holding companh created by private-equity firm and its portfolio compant , will pay 92 cents per share for SoftBrands. Share of SoftBrands closed at 47 cents per sharewon Thursday. On the same date in SoftBrands’ stock closed at 1.09 per share. San Calif.-based Golden Gate Capital has about $9 billionm in assets under management. based in Alpharetta, Ga., is a softwared company with about 9,000 employees and $2.2 billion in Minneapolis-based SoftBrands (AMEX: SBN) sellsw software to the hospitality industry, as well as to smalp and mid-sized manufacturers under the Its products handle tasks such as making reservatione to settingroom rates.
SoftBrands CEO Randy Toftelandr said in a press statement that the deal will allow shareholdersto “realize significant value from their investment.” He also said the company woulc benefit from an “alliance” with Infor. A spokeswoman for Infor said SoftBrands will continure to have a presencein Minneapolis, thougnh it has yet to be determined how many employeesw will remain here.
SoftBrands’ board has alreadyt approved the sale, which is expected to clos in between 60 and90
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