SoftBrands Agrees To Go Private

Golden Gate Capital and Infor have agreed to buy SoftBrands Inc. (AMEX: SBN), a Minneapolis-based provider of enterprise software to the manufacturing and hospitality markets. The deal is valued at approximately $80 million, or $0.92 per share (100% premium to Friday's closing price).Wells Fargo Foothill, an existing SoftBrands lender, has agreed to provide leveraged financing.

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