On May 15, Infor announced it will acquire SSA Global. This deal will make Infor the third largest global enterprise software provider.
Under the terms of the agreement, Infor has agreed to pay $19.50 per share in cash to SSA Global's shareholders. The parties anticipate closing the transaction in the third calendar quarter of 2006.
"In a rapidly consolidating marketplace we have seen that size and scale matter," said Mike Greenough, chairman, president and CEO of SSA Global. "This transaction brings value to all of our key stakeholders ... our investors, our customers and our employees."