UPI en Español  |   UPI Asia  |   About UPI  |   My Account
Search:
Go

Geac Computer Corp. sold for $1 billion

|
 
Published: Nov. 7, 2005 at 2:01 PM

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.

© 2005 United Press International, Inc. All Rights Reserved. Any reproduction, republication, redistribution and/or modification of any UPI content is expressly prohibited without UPI's prior written consent.

Order reprints
Join the conversation
Most Popular Collections
'Star Trek Into Darkness' screening NBC upfronts Met Ball 2013
'Great Gatsby' premieres in New York Spire raised on top of One WTC 2013: Celebrity break ups and divorces
Additional Business News Stories
1 of 16
Flags-In Ceremony at Arlington National Cemetery
View Caption
Staff Sgt. Jeffrey Roskos with the 3rd U.S. Infantry Regiment, "The Old Guard," participates in the annual Flags-In ceremony, May 23, 2013, at Arlington National Cemetery in Arlington, Virginia. Soldiers place American flags in front of more than 260,000 gravestones in the cemetery in honor of Memorial Day. UPI/Kevin Dietsch
fark
SEE?? Even small market newspapers speak our language...(Insert gratuitous mention of Drew here)...
Cool: Comedian Doug Stanhope starts an IndieGoGo campaign to raise $50,000 for the woman who said...
Hobby Lobby says it is a ministry and should not have to pay fines under Obamacare
Stookey, lend me your home
Woman holds off cops for hours by refusing to turn over video of beating without a warrant, fearing...
Federal judge Ric Romero finds that Sheriff Joe engaged in racial profiling