Go to the Globe and Mail homepage

Jump to main navigationJump to main content


Report on Business


Streetwise gives you news and analysis on Bay Street and the world of finance
available exclusively to subscribers of Globe Unlimited

Entry archive:

Infor, ECN Capital cancel deal in face of shareholder opposition Add to ...

Subscribers Only

The first takeover launched by a Canadian special purpose acquisition corporation, or SPAC, was cancelled Wednesday, as Infor Acquisition Corp. called off plans to merge with lease finance company ECN Capital Corp.

Infor is a $220-million SPAC that was created in 2015 and the company announced plans in July to merge with ECN Capital, which was being spun out of Element Financial Corp. ECN Capital agreed to the merger as a cost-effective way to raise capital that the newly launched company planned to use for acquisitions.

Report Typo/Error

Follow us on Twitter: @GlobeBusiness

Next story




Most popular videos »

More from The Globe and Mail

Most popular