Minnesota-based global software company, Lawson Software, has received an unsolicited, non-binding acquisition proposal from Infor and Golden Gate Capital.
Minnesota-based global software company, Lawson Software, has received an unsolicited, non-binding acquisition proposal from Infor and Golden Gate Capital. As a part of the offer, the bidders will acquire all of the company’s outstanding common stock at a price of $11.25 per share in cash.
Lawson Software has retained Barclays Capital as its financial advisor to assist in evaluating the proposal and other possible strategic alternatives. The possible bidders for the acquisition may include Hewlett-Packard, IBM, Microsoft, Oracle and SAP, adds Reuters.
