When Infinium Software announced its planned $103 million takeout by privately held SSA Global Technologies Inc. a week ago, questions immediately surfaced about the price. Indeed, when contacted, several large Infinium shareholders spoke with Mergers & Acquisitions Report on condition of anonymity and characterized the $7-per-share definitive as low-ball. And while 17% of Hyannis, Mass.-based Infinium shares are locked into the deal, at least that much, or more, will likely protest the price. Infinium Chairman Robert Pemberton controls 16.3% of the stock of the Internet enterprise business applications provider.
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