ERP Software Company Lawson Receives $1.8 Billion Bid From Infor Global and Golden Gate Capital

Posted Mar 14, 2011

Lawson Software, Inc. (NASDAQ:LWSN) has received a $1.8 billion bid from Infor Global Solutions and buyout company Golden Gate Capital. Infor and Golden Gate would pay $11.25 per share, a 2.5% discount from the company’s closing price on Friday of $11.55. Lawson hired Barclays Capital to explore a potential sale, but the board has not agreed whether they want to sell or not yet. Lawson is based in St. Paul, Minnesota and they make ERP software for companies in the retail, health care, and food sectors. The company has a market cap of about $2 billion. The company has $228.1 million of long-term debt as of November 30. Carl Icahn has 8.3% ownership in Lawson. [NY Times]