TORONTO, ONTARIO--(Marketwired - Feb. 27, 2017) -
NOT FOR DISTRIBUTION TO U.S. NEWSWIRES OR DISSEMINATION IN THE UNITED STATES
INFOR Acquisition Corp. (TSX:IAC.A) (TSX:IAC.WT) ("INFOR Acquisition" or the "Company") announced today that the Company continues to pursue acquisitions in different industries that are currently the subject of letter of intent or agreement in principle, any one of which would qualify as the Company's qualifying acquisition. Accordingly, the Company will be permitted until May 27, 2017 (24 months following the closing of its initial public offering) to conclude its qualifying acquisition.
It is the Company's intention to announce whether it intends to proceed with one of these transactions during the month of March. There can be no assurance that a transaction will be announced or, if announced, that the transaction will be completed.
About INFOR Acquisition Corp.
INFOR Acquisition Corp. is a special purpose acquisition corporation incorporated under the laws of the Province of Ontario for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or engaging in any other similar business combination with one or more businesses or assets.
Visit INFOR Acquisition Corp. at www.inforacquisitioncorp.com
About INFOR Financial Group Inc.
INFOR Financial Group Inc. ("INFOR Financial Group"), the sponsor of INFOR Acquisition Corp., is a leading independent merchant and investment bank based in Toronto. INFOR Financial Group provides innovative, independent, forward thinking financial and strategic advice to corporations, institutional investors, entrepreneurs and government entities. INFOR Financial Group's asset management division currently is focused on relationship investing and structured private credit investments. INFOR Financial Inc., a wholly-owned subsidiary of INFOR Financial Group, is an independent investment bank that offers advice on mergers and acquisitions, capital raises, risk management, private funds as well as corporate restructurings. In 2015, INFOR Financial Inc. was ranked as the top independent M&A advisor in Canada.
Visit INFOR Financial Group at www.inforfg.com
Contact Information:
Chief Executive Officer and
Director, INFOR Acquisition Corp.
Chief Executive Officer, INFOR Financial Group Inc.
(416) 646-2610