Lawson Software (NASDAQ:LWSN) announced it had received an unsolicited bid from privately held software company Infor and Golden Gate Capital to acquire all its outstanding common stock at $11.25 a share in cash.
Shares of the software maker closed on Friday at $11.55, after having risen 18 percent since Tuesday, when Reuters reported it had hired Barclays Capital (NYSE:BCS) to explore a sale of the business.
The offer price from Infor and Golden Gate Capital would value Lawson at $1.8 billion.
Lawson said in a release it is conducting talks with Infor and Golden Gate, but there is no guarantee an agreement will be reached.
Other possible bidders mentioned by sources are Oracle (NASDAQ:ORCL), Hewlett-Packard (NYSE:HPQ), IBM (NYSE:IBM), Microsoft (NASDAQ:MSFT), and SAP (XETRA:SAPG.DE).
Source
Showing posts with label Lawson Software. Show all posts
Showing posts with label Lawson Software. Show all posts
Monday, March 14, 2011
Monday, January 10, 2011
Stay on Sidelines with Lawson Software (NASDAQ:LWSN) Says Barclays
Citing need for improvement in licensing trends, Barclays (NYSE:BCS) recommends for investors to stay on the sidelines with Lawson Software (NASDAQ:LWSN) until that happens.
Barclays said, "Remain on Sidelines Pending Improving License Trends: Lawson reported overall disappointing Q2 results due to weaker than expected M3 license sales (M3 license bookings declined 40% y/y). While healthy S3 growth provided some offset, organic license sales overall contrast with a generally improving applications industry and merit concern in our opinion.
"We are raising our Q3 rev estimate to $191M from $186M for inclusion of roughly $3 M Enwisen subscription revenue and higher maintenance/consulting, somewhat�offset by lower expected license revenue. We are lowering our Q3 EPS estimate to�$0.12 from $0.13 for lower license mix. Similarly, we are raising our FY11 revenue estimates to $770M from $754M and lowering our FY11 EPS estimate to $0.50 from $0.51."
Barclays maintains an "Equalweight" on Lawson Software, which closed Friday at $8.75, losing $0.54, or 5.79 percent.
Barclays said, "Remain on Sidelines Pending Improving License Trends: Lawson reported overall disappointing Q2 results due to weaker than expected M3 license sales (M3 license bookings declined 40% y/y). While healthy S3 growth provided some offset, organic license sales overall contrast with a generally improving applications industry and merit concern in our opinion.
"We are raising our Q3 rev estimate to $191M from $186M for inclusion of roughly $3 M Enwisen subscription revenue and higher maintenance/consulting, somewhat�offset by lower expected license revenue. We are lowering our Q3 EPS estimate to�$0.12 from $0.13 for lower license mix. Similarly, we are raising our FY11 revenue estimates to $770M from $754M and lowering our FY11 EPS estimate to $0.50 from $0.51."
Barclays maintains an "Equalweight" on Lawson Software, which closed Friday at $8.75, losing $0.54, or 5.79 percent.
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