http://www.turismagency.com/content/view/55/766/
The buyer, a holding company created by private-equity firm and its portfoliokcompany , will pay 92 centws per share for SoftBrands. Shares of SoftBrands closed at 47 cents per share on On the same datein 2008, stock closed at 1.09 per San Francisco, Calif.-based Golden Gate Capitaol has about $9 billio n in assets under management. Infor, based in Ga., is a software companu with about 9,000 employees and $2.2 billiob in revenue. Minneapolis-based SoftBrands (AMEX: SBN) sells software to the hospitality industry, as well as to smal and mid-sized manufacturers under the brand.
Its productse handle tasks such as making reservations to setting room SoftBrands CEO Randy Tofteland said in a press statement that the deal will allows shareholdersto “realize significant value from their He also said the company would benefitf from an “alliance” with Infor. A spokeswoma for Infor said SoftBrands will continue to have a presencedin Minneapolis, though it has yet to be determineds how many employees will remainb here.
SoftBrands’ board has already approved the sale, which is expecteds to close in between 60 and90
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