Skadden Reps Lawson In $2B Sale To Golden Gate, Infor

Law360, New York (April 26, 2011, 12:49 PM EDT) -- St. Paul, Minn.-based Lawson Software Inc. said Tuesday it had agreed to a $2 billion buyout bid from private equity firm Golden Gate Capital LP and rival software maker Infor Global Solutions Inc. after failing to find a better offer.

Under the terms of the buyout, Lawson shareholders will receive $11.25 per share in cash, a 7.3 percent drop from Monday's closing price of $12.13. However, the offer represented a 14 percent premium over Lawson's closing price on March 7, the day news of the impending...
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