Lawson Software Hires Adviser to Explore Sale



By Nadia Damouni, Reuters

“March 8 – Lawson Software (NASDAQ: LWSN) has hired Barclays Capital (BARC.L) in recent weeks to explore a possible sale of the business software maker, two people familiar with the process told Reuters on Tuesday.

The review of strategic alternatives is in the early stages and could include other options, the sources said. Billionaire investor Carl Icahn owns about one-tenth of the company.

Prospective buyers have been contacted, said the sources, who declined to be named because the talks are not public. Lawson’s shares surged more than 13 percent after the news to close at $11.19 on Nasdaq, bringing its market capitalization to $1.83 billion.”

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