Lawson stockholders would receive $11.25 per share cash in the proposed deal, which is subject to closing conditions.
In March, Lawson reported receiving an unsolicited acquisition bid of $1.8 billion from Infor and its owner, private equity firm Golden Gate Capital. Since that time, Lawson stated in a news release that it conducted a market assessment and contacted other potential suitors in ERP and financial buyers, “a process that did not result in a superior proposal.”
Charles Phillips, CEO of Infor, said his company has a “long list of ideas” to enhance customer experience and increase investment in its enterprise applications.
“After the transaction closes, we plan to integrate many of the applications as soon after closing as possible, facilitated by a standards-based approach and the fact that both companies' applications are already service-enabled. We also plan to innovate and change how customers deploy, use, and upgrade enterprise applications,” Phillips said in an Infor news release.
Lawson provides business management and ERP software, maintenance and consulting in targeted industries such as health care, manufacturing and distribution, and consumer products. Infor offers enterprise software solutions for customer relationship management, supply chain management and enterprise resource planning, in competition with Lawson and other midrange providers.
Register or login for access to this item and much more
All Information Management content is archived after seven days.
Community members receive:
- All recent and archived articles
- Conference offers and updates
- A full menu of enewsletter options
- Web seminars, white papers, ebooks
Already have an account? Log In
Don't have an account? Register for Free Unlimited Access