The merger is expected to close in the second half of 2011, pending the satisfaction of applicable regulatory approvals and other customary closing conditions.
The acquisition will strengthen Swisscom Hospitality's presence in Europe including the Nordic countries, and expand its international footprint to new markets such as Russia and the Middle East.
By acquiring Golden Tulip, Starwood Capital's hospitality arm will become the 11th largest hotel group in the world, as per MKG Hospitality's world ranking 2009.
SoftBrands has entered into a definitive agreement to be acquired by an affiliate of Golden Gate Capital and Infor. SoftScribe's Board of Directors has approved the agreement and recommends that stockholders approve the transaction.
Freeman's purchase of AVT follows its corporate strategy of continuing to invest long-term in the face-to-face industry where there is opportunity for growth.
The acquisition of Newbury Networks will enable Trapeze to deliver a broader set of WLAN products to growing market segments worldwide and to integrate best-of-breed location capabilities into its products.