SAN FRANCISO, Calif., Nov. 7 (UPI) -- California-based private equity investor Golden Gate Capital will buy Massachusetts-based Geac Computer Corp. Ltd. for $1 billion.
Upon completion of the all-cash deal, Golden Gate Capital will reorganize Geac Computer into two separate entities, American City Business Journals reported Monday.
The $1 billion price represents a 27-percent premium over Geac Computer's closing price as of Friday.
Golden Gate Capital unit Infor will acquire Geac's enterprise resource planning software products.
|Additional Business News Stories|
ALGIERS, Algeria, May 24 (UPI) --Algeria's government is under pressure to ease its foreign energy investment laws after BP warned it may delay important projects in the North African state.
ARLINGTON, Va., May 24 (UPI) --BAE Systems has received a two-year contract extension from the U.S. Army Space and Missile Defense Command to support its Future Warfare Center.