Mergers and Acquistions News
Categories: Software
March 15th 2011, 14:47PM
Lawson Software announced this week that it received an unsolicited bid from Infor and Golden Gate Capital to acquire its outstanding common stock.
Reuters reported that the offer was made to take over the stock at $11.25 per share in cash, which would leave Lawson with $1.8 billion (£1.12 billion).
In a statement published on Business Wire, the company said it was in discussion with Infor and Golden Gate, and was being advised by Barclays Capital Inc. It added that, as yet, there can be no certainty that a deal will be made.
A spokesman for the company said: "Lawson's board has not made any determination to sell the company or engage in any other strategic transaction, and there can be no assurance that the unsolicited proposal or the evaluation of strategic alternatives will result in any sale or other transaction, whether with Infor and Golden Gate or any other party."
The company has refused to make any further comment until a conclusion has been reached.
Lawson was established in St Paul, Minnesota over 30 years ago. It now considers itself to be at the forefront of Enterprise Resource Planning software.
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