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Briscoe Law Firm Investigates Lawson Software, Inc. for Shareholders Concerning Acquisition by an Affiliate of Golden Gate Capi

  //science-technology.news-articles.net/content/2 .. isition-by-an-affiliate-of-golden-gate-capi.html
  Published in Science and Technology on Wednesday, April 27th 2011 at 10:06 GMT by Market Wire
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DALLAS--([ BUSINESS WIRE ])--[ The Briscoe Law Firm, PLLC ], founded by a former state prosecutor and enforcement attorney for the United States Securities and Exchange Commission, and the securities litigation law firm of [ Powers Taylor, LLP ] are investigating potential legal claims against the Board of Directors of Lawson Software, Inc. (aLawson Softwarea or aLWSNa) (NASDAQ: LWSN) related to the buyout of Lawson Software by GGC Software Holdings, Inc., an affiliate of Golden Gate Capital and Infor (aGolden Gate Capitala).

"Because the acquisition price offered is a discount, and based on other factors, we believe that the transaction is not fair to Lawson Software shareholders. Our firms are also investigating whether Lawson Softwarea™s Board of Directors adequately considered all viable alternatives before entering into the agreement"

The definitive merger agreement involves an all-cash transaction valued at approximately $2 billion. Under the proposed buyout, Lawson Software shareholders will receive only $11.25 in cash for each share of Lawson Software/LWSN common stock they hold. The transaction is expected to close in the third quarter of 2011.

The firms are investigating the fairness of the proposed transaction to Lawson Software shareholders and whether Lawson Softwarea™s Board of Directors acted in the shareholdersa™ best interests. In particular, the acquisition price represents a 7.3% discount from Lawson Softwarea™s closing price the day before the announcement, and at least one analyst has set a target price as high as $15.00 per share. aBecause the acquisition price offered is a discount, and based on other factors, we believe that the transaction is not fair to Lawson Software shareholders. Our firms are also investigating whether Lawson Softwarea™s Board of Directors adequately considered all viable alternatives before entering into the agreement,a said shareholder rights attorney Willie Briscoe.

If you currently own shares of Lawson Software/LWSN and would like additional information regarding this investigation, or if you have information regarding the allegations involved in this transaction, please contact Patrick Powers at Powers Taylor, LLP, toll free (877) 728-9607, via e-mail at [ patrick@powerstaylor.com ], or Willie Briscoe at The Briscoe Law Firm, PLLC toll free (877) 397-5991, or via email at [ WBriscoe@TheBriscoeLawFirm.com ]. There is no cost or fee to you.

The Briscoe Law Firm is a full service business litigation and shareholder rights advocacy firm with more than 20 years of experience in complex litigation matters.

Powers Taylor, LLP is a boutique litigation law firm that handles a variety of complex business litigation matters nationwide, including claims of investor and stockholder fraud, shareholder oppression, shareholder derivative suits, and security class actions.