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Saturday, March 12, 2011

Lawson Software receives $1.8 billion offer

Lawson Software said late on Friday 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 per share in cash. Shares of the softmaker closed on Friday at $11.55, after having risen 18 percent since Tuesday, when Reuters reported it had hired Barclays Capital to explore a sale of the business. The offer price from Infor and Golden Gate Capital -- a San Francisco private equity firm that holds a major stake in Infor -- would value Lawson at $1.8 billion.

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