Jul
25
Infor Finds Qualifying Deal as Element Financial Split Endorsed
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Infor becomes first Canadian SPAC to get required transaction
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Element’s board approves split into two separate companies
Infor Acquisition Corp. will become Canada’s first special purpose acquisition company to find a required qualifying transaction after agreeing Monday to participate in the splitting of Element Financial Corp.
Shareholders of Infor will receive shares of Element Financial’s commercial-finance business at fair market value after the unit is carved out of the Toronto-based company, Infor said Monday in a statement. Element Financial, one of North America’s largest equipment-finance firms, said in a separate statement that its board approved a plan to split into two publicly traded companies, and disclosed the agreement with Infor…
Infor Finds Qualifying Deal as Element Financial Split Endorsed
