News/Case Summaries

Golden Gate Capital, Infor buying Lawson Software

April 26, 2011

Lawson Software Inc. says it agreed to sell itself to private equity firm Golden Gate Capital and business-software company Infor for $2 billion, or $11.25 per share.

The business software maker says it board unanimously approved the all-cash deal and board members will vote their shares in favor of the offer. The directors own a combined 9-percent stake in the St. Paul, Minn., company. Infor and a Golden Gate affiliate made an offer for Lawson in March. Lawson says it has not received a better offer.

Golden Gate and Infor were offering a premium of 13.9 percent on March 7, the day before it was reported that Lawson was considering a sale. Lawson stock finished at $12.13 Monday and has traded between $6.93 and $13.06 in the last year.

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