TORONTO, May 25 /CNW/ - Workbrain Corporation ("Workbrain") (TSX:WB)
announced today that the Ontario Superior Court of Justice has issued the
final order approving the acquisition of all of Workbrain's outstanding common
shares by 2131365 Ontario Inc., a subsidiary of Infor Global Solutions
European Finance, S.a.R.L. ("Infor"). The closing of the transaction is
subject to the satisfaction or waiver of the other conditions specified in the
Arrangement Agreement. Under the terms of the plan of arrangement, Workbrain's
shareholders will receive $12.50 in cash for each Workbrain common share.
About Workbrain
Workbrain provides the most widely deployed web-based workforce
management solution for large enterprises. The company is the only provider of
Total Workforce Management that helps organizations plan, deploy, and manage
their workforce to reduce costs, increase sales, and boost employee
satisfaction. Clients such as British Airways, General Mills, Target
Corporation, and Lifespan choose Workbrain's industry-focused workforce
management solutions to integrate workforce planning, labor forecasting,
workforce scheduling, time and attendance, absence management and workforce
analytics on a single platform. For more information, please visit
www.workbrain.com.
For further information: Pat Ladisa, Corporate Communications, (416)
421-6700 extension 2579, pladisa@workbrain.com
