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Rigrodsky & Long, P.A. Investigates Lawson Software, Inc. Buyout Proposal - LWSN

^{Published on 2011-03-14 07:05:21 - Market Wire}
 

WILMINGTON, Del.--([ BUSINESS WIRE ])--[ Rigrodsky & Long, P.A. ] announces that it is investigating potential claims against the board of directors of Lawson Software, Inc. (aLawson Softwarea or the aCompanya) (Nasdaq: [ LWSN ]) concerning the Companya™s receipt of a proposal from Infor and Golden Gate Capital to acquire all of the Companya™s outstanding stock for approximately $1.8 billion in cash (the aProposala). Click here to learn how to join the action: [ http://www.rigrodskylong.com/news/LawsonSoftwareInc-LWSN ].

The investigation concerns whether Lawson Softwarea™s board of directors is adequately shopping the Company and working to obtain the best price possible for Lawson Software shareholders. The Proposal contemplates the acquisition of all of the outstanding shares of common stock of Lawson Software for $11.25 per share in cash. However, according to Yahoo! Finance, at least one analyst has set a target price of $13.00 per share for Lawson Software stock. Moreover, the Proposal already represented a discount to Lawson Software shareholders when made.

If you own the common stock of Lawson Software and purchased your shares before March 11, 2011, if you have information or would like to learn more about these claims, or if you wish to discuss these matters or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact [ Seth D. Rigrodsky, Esquire ] or [ Noah R. Wortman, Case Development Director ], of Rigrodsky & Long, P.A., 919 N. Market Street, Suite 980, Wilmington, Delaware, by telephone at (888) 969-4242, or by e-mail to [ info@rigrodskylong.com ].

Rigrodsky & Long, P.A., with offices in Wilmington, Delaware and Garden City, New York, regularly litigates securities class, derivative and direct actions, shareholder rights litigation and corporate governance litigation, including claims for breach of fiduciary duty and proxy violations in the Delaware Court of Chancery and in state and federal courts throughout the United States.

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