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INFOR BIDS FOR LAWSON

Infor logoInfor and its backer Golden Gate Capital have made an unsolicited offer to acquire Lawson Software at a price of $11.25 per share cash. Lawson has retained Barclays Capital as its financial advisor to evaluate the proposal and another alternatives. Based on the number of shares outstanding at the end of the third quarter on November 30, that’s about $1.8 billion.

The price per share is less than the stock market price – the stock closed at $11.46 per share yesterday. Even though Infor has gobbled up a lot of companies over the years, this would be a pretty big pig for the python to take on. Privately owned Infor is estimated to have about $2.2 billion to $2.5 billion in revenue. Lawson had $736.4 million in revenue for the year ended May 31. For the six months ended November 30, Lawson had revenue of $362.1 million.
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