Infor Makes Unsolicited Offer for ERP Vendor Lawson
em>
Lawson Software has received an unsolicited buy out offer of US$11.25 per share, or around $1.84 billion, from rival ERP software vendor Infor. As noted in this Computer World report, a deal had been
rumored all week. The offer price is slightly below the $11.55 per share Lawson’s stock closed at on Friday.
“Lawson did not provide the overall value of the deal. The $1.84 billion figure was derived from the total number of shares outstanding the company reported in its most recent quarterly earnings statement in January.
“Infor, along with Lawson, is one of the industry’s largest remaining ERP vendors after SAP, Oracle and Microsoft. Lawson reported $736.4 million in revenues during its fiscal 2010 and had a market capitalization of $1.89 billion on Friday.”
Read the Full Story at Computer World
