Merger of SoftBrands with Infor, equity firm clears HSR waiting period

By Lisa Kerner

Charlotte, N.C., July 9 - The Federal Trade Commission granted early termination of the Hart-Scott-Rodino waiting period in the proposed merger of SoftBrands, Inc. with an affiliate of Golden Gate Capital and Infor Global Solutions, according to a government report.

SoftBrands announced on Wednesday that it will ask shareholders to approve the merger at a special meeting on Aug. 12.

As previously reported, 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.

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