Monday, March 14, 2011

Lawson Software (LWSN) Gets $1.8 billion Bid

Lawson Software (NASDAQ:LWSN) announced it had received an unsolicited bid from privately held software company Infor and Golden Gate Capital to acquire all its outstanding common stock at $11.25 a share in cash.

Shares of the software maker closed on Friday at $11.55, after having risen 18 percent since Tuesday, when Reuters reported it had hired Barclays Capital (NYSE:BCS) to explore a sale of the business.

The offer price from Infor and Golden Gate Capital would value Lawson at $1.8 billion.

Lawson said in a release it is conducting talks with Infor and Golden Gate, but there is no guarantee an agreement will be reached.

Other possible bidders mentioned by sources are Oracle (NASDAQ:ORCL), Hewlett-Packard (NYSE:HPQ), IBM (NYSE:IBM), Microsoft (NASDAQ:MSFT), and SAP (XETRA:SAPG.DE).




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