Tuesday, March 29, 2011

Lawson Software Rallies On Speculation Of A Higher Bid

Shares of Lawson Software Inc. (NASDAQ: LWSN) rallied more than 2% after Bloomberg reported that the could receive a higher takeover offer, with Oracle Corp. the most likely bidder. On March 11, Golden Gate Capital and privately held software company Infor offered to pay $11.25 a share for for Lawson Software. The bid valued the company at $1.8 billion. In recent weeks, Lawson had hired Barclays  to review strategic alternatives that could include a sale or other options. Lawson, based in St. Paul, Minn., makes enterprise software for companies in the retail, food and health care sectors. Stay tuned for more.

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