Monday, March 14, 2011

Lawson Software receives buyout offer

Software provider Infor and Golden Gate Capital reportedly offering #1.8 billion in unsolicited offer

Lawson Software has received an unsolicited $1.8 billion proposal to be bought by Infor and Golden Gate Capital, the Minneapols-St. Paul Business Journal is reporting.

The offer was for $11.25 per share in cash, which translates into about $1.8 billion.

St. Paul-based Lawson said it's discussing the unsolicited proposal with the potential buyers, the news site said.

If a deal is completed, Lawson would be the second software company acquired by Infor in recent years. Infor bought Minneapolis-based SoftBrands in 2009.

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