Via News Release
“March 11 — Lawson Software, Inc. (Nasdaq: LWSN) today confirmed that it received an unsolicited, non-binding proposal from Infor and Golden Gate Capital to acquire all of the company’s outstanding common stock at a price of $11.25 per share in cash. The parties are engaged in discussions regarding this proposal; however, there can be no assurance that any agreement will be reached.
Following receipt of the unsolicited proposal, the company’s board of directors retained Barclays Capital, Inc. as its financial advisor to assist in evaluating the proposal, as well as other possible strategic alternatives. Lawson’s board has not made any determination to sell the company or engage in any other strategic transaction, and there can be no assurance that the unsolicited proposal or the evaluation of strategic alternatives will result in any sale or other transaction, whether with Infor and Golden Gate or any other party.