While Infor has acquired many software companies, the purchase of Lawson represents a significant addition to Infor's estimated revenue of $2.5 billion or so. Lawson reported revenue of $736.4 million for the year ended May 31, 2010. The deal follows last week's announcement that Epicor Software has agreed to be acquired by Apax Partners, a private equity group, that is also acquiring Activant and will merge it with Epicor.
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LAWSON AGREES TO INFOR DEAL
Lawson Software has agreed to be acquired by Infor and Golden Gate Capital in a deal valued at about $2 billion. Under terms of a merger agreement, Lawson stockholders will receive $11.25 per share in cash. Lawson noted the purchase price is roughly 2.5 times revenue and a 14-percent premium to the value of its shares at the close of March 7, the last trading day before news reports speculating about the deal began appearing.
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