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Snapple co-founder dies at 85

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.
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