SoftBrands shareholders to vote decide merger with Infor on Aug. 12

By Lisa Kerner

Charlotte, N.C., July 8 - SoftBrands, Inc. said it will ask its shareholders to approve the company's acquisition by an affiliate of Golden Gate Capital and Infor Global Solutions at a special meeting at 4 p.m. ET on Aug. 12 in Minneapolis.

The record date for the meeting is July 8.

SoftBrands agreed in June to be acquired for $0.92 in cash per common share in a deal valued at approximately $80 million including debt and preferred equity.

Minneapolis-based SoftBrands provides software to the manufacturing and hospitality industries.

Golden Gate Capital is a San Francisco-based private equity investment firm.

Infor is a private enterprise software company based in Alpharetta, Ga.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.