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Lawson Software to be Acquired by an Affiliate of Golden Gate Capital, Infor

April 26, 2011

Lawson Software announced that it has signed an agreement to be acquired by GGC Software Holdings, 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. Lawson’s board of directors unanimously approved the transaction and board members who collectively own approximately 9 percent of Lawson’s outstanding shares have agreed to vote their shares in favor of the transaction.

Lawson said in a press release that the announcement marks the culmination of the company’s evaluation of strategic alternatives, review and negotiations of a proposal from Golden Gate and Infor that began prior to, and was later publicly confirmed in a press release on March 11. During its evaluation, Lawson conducted a comprehensive market assessment and contacted other potential acquirers, including competing global providers of enterprise applications and financial buyers, a process that did not result in a superior proposal.

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