Most of us aren’t used to dealing with numbers like this. But since Infor has been reporting its numbers for three quarters, we can see the total bill for its years of buying other companies. The balance sheet for March 31 showed long-term debt at $5.25 billion. Obviously, debt has been retired as it operates, but that looks like a pretty good hunk left from buying people like Lawson. The M&A markers also show up on the balance sheet. Read more...