Monday, April 2, 2007

UPDATE 1-Infor to buy Workbrain for $196 mln in cash

(Reuters) - TORONTO, April 2 - Workbrain Corp. said on Monday it will be acquired by privately-owned software company Infor for C$227 million in cash.

Infor will acquire all of Workbrain's outstanding shares for C$12.50 apiece, a 22-percent premium to Workbrain's closing price of C$10.28 on the Toronto Stock Exchange on Friday.


Read more at Reuters.com Mergers News

No comments: