09:37 AM EST - Workbrain Corp. : a Toronto-based workforce management software company, has struck a deal to be acquired by private software firm Infor Global Solutiona European Finance for $12.50 in cash per share, a deal that values the Canadian company at $227 million. Workbrain announced Monday it had reached a definitive agreement with Infor Global Solutions on a cash offer that represents a 25.6 per cent premium over Workbrain's average share price on the Toronto Stock Exchange going into trading Monday. The deal has been unanimously approved by Workbrain's board, which recommends shareholders vote for the transaction. Workbrain Corp.
shares T.WB are trading up two dollars and seventeen cents at $12.45.
