Lawson Closer to Sale, as Early as Today

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By Anupreeta Das and Shira Ovide, Wall Street Journal

Lawson Software is close to a being acquired by a private-equity firm and a fellow business-software company.

Through a Google search snapshot, it is possible to track down a press release (now scrubbed) from the website of Infor, a provider of business software and services, announcing Lawson’s sale to an affiliate of private-equity firm Golden Gate Capital and Infor. The news release is dated today but does not include a pricetag for a deal. The news release is not available on Infor’s public website, and its authenticity couldn’t be verified.

People familiar with the matter said the deal is indeed very close and could be announced any day, though last-minute snags could derail a takeover. Last month, the St. Paul-based company said it had received an unsolicited, all-cash offer from Infor after Reuters reported it was up for sale. Infor’s offer valued the company at $1.8 billion.”

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