Lawson Software, Inc. Under Investor Investigation Concerning Takeover Proposal

If you purchased shares of Lawson Software, Inc. (Public, NASDAQ:LWSN) and currently continue to hold those NASDAQ:LWSN shares, and/or if you have any information relating the investigation, you have certain options and you should contact the Shareholders Foundation, Inc.

To have your information reviewed for options and to recieve notifications about this investigation, please use this form. You may also send an email to mail@shareholdersfoundation.com, or call us at (858) 779-1554.
Company Name(s): 
Lawson Software
Affected Securities: 
NASDAQ: LWSN

The announcement by Lawson Software, Inc. that its board of directors agreed to a takeover of Lawson Software, Inc. prompted an investigation on behalf of investors of Lawson Software, Inc. (NASDAQ:LWSN) over possible breaches of fiduciary duty.

The investigation by a law firm concerns whether certain directors and officers at Lawson Software, Inc. or others breached their fiduciary duties in connection the proposed merger.

On Tuesday, April 26, 2011, Lawson Software, Inc. (Nasdaq:LWSN) announced that it has signed a definitive agreement to be acquired by GGC Software Holdings, Inc., an affiliate of Golden Gate Capital and Infor, in a transaction valued at approximately $2 billion. Under the terms of the merger agreement, stockholders of Lawson will receive $11.25 per share in cash.

Following the takeover news shares of Lawson Software, Inc. (LWSN) dropped from over $12.50 on Monday, April 25 to $11.06 on Tuesday. In fact acquisition price represents a 7.3% discount from Lawson Software’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 Furthermore, Lawson Software has performed well for its investors in the past. Lawson Software, Inc. reported over the past four filing periods relatively consistent 12months Total Revenues ranging from $736.41million to $851.93million. Its Net Income increased over the same time frame to Net Income of $13.02million

Therefore the investigation concerns whether the Lawson Software Board of Directors undertook an adequate and fair sales process to obtain fair consideration for all shareholders of Lawson Software, Inc. (NASDAQ:LWSN) and breached their fiduciary duties to Lawson Software (LWSN) shareholder by failing to adequately shop the Company before entering into any transaction. The investigation concerns also whether GGC Software Holdings, Inc., the affiliate of Golden Gate Capital and Infor would underpay for LWSN shares, thus unlawfully harming NASDAQ LWSN stockholders. A potential class action lawsuit would seek to maximize the amount of money and information Lawson Software shareholders would receive in a buyout, so the law firm.