Science & Technology
Thu, May 5, 2011Wed, May 4, 2011Tue, May 3, 2011Mon, May 2, 2011Fri, April 29, 2011Thu, April 28, 2011Wed, April 27, 2011Tue, April 26, 2011Mon, April 25, 2011Fri, April 22, 2011Thu, April 21, 2011Wed, April 20, 2011Tue, April 19, 2011Mon, April 18, 2011Sun, April 17, 2011Fri, April 15, 2011Thu, April 14, 2011Law Offices of Howard G. Smith Announces Investigation On Behalf of Shareholders of Lawson Software, Inc. in Connection with th
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Published in Science and Technology on Monday, April 25th 2011 at 16:40 GMT by Market Wire🞛 This publication is a summary or evaluation of another publication
BENSALEM, Pa.--([ BUSINESS WIRE ])--Law Offices of Howard G. Smith announces that it is investigating potential claims against the board of directors of Lawson Software, Inc. (aLawsona or the aCompanya) (NYSE:LWSN) related to the potential sale of the Company to business-software company Infor and private-equity firm Golden Gate Capital.
"the deal is indeed very close and could be announced any day."
The investigation concerns whether the board of directors of Lawson breached their fiduciary duties to stockholders by failing to adequately shop the Company, and whether the Company has disclosed all material information to shareholders about the proposed transaction. On March 11, 2011, a Lawson press release confirmed the Companya™s receipt of an unsolicited, all-cash proposal from Infor and Golden Gate Capital to acquire all outstanding shares of Lawson common stock for $11.25 per share in cash. The $11.25 per share proposal seriously undervalues Lawson. It fails to take into consideration Lawsona™s substantial recent growth and 223% increase in the net income for the third quarter of 2010. Further, at least one analyst has set a target price of $13.00 per share, virtually nullifying any premium that Lawson shareholders would receive under the transaction. On April 25, 2011, an article published in The Wall Street Journal reported that sources familiar with the matter said athe deal is indeed very close and could be announced any day.a
If you are a shareholder of Lawson, 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 Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, Toll Free at (888) 638-4847, or by email to [ howardsmith@howardsmithlaw.com ], or visit our website at [ http://www.howardsmithlaw.com ].