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Follow on Google News | Lawson Software, Inc. Investors sue Directors in effort to Stop BuyoutAn investor in Lawson Software, Inc. filed a lawsuit in effort to stop proposed takeover and NASDAQ-LWSN stockholders should email to mail@shareholdersfoundation.com
By: Shareholders Foundation, Inc. If you purchased shares of Lawson Software, Inc. (NASDAQ LWSN) and currently continue to hold those NASDAQ-LWSN shares, you have certain options and you should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554. According to the complaint the plaintiffs allege that the defendants breached their fiduciary duties in connection the proposed merger. On Tuesday, April 26, 2011, Lawson Software, Inc. 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. The plaintiff alleges that the offer is unfair to Lawson Software investors. Indeed shares of Lawson Software, Inc. (LWSN) traded on Monday April 25 as high as $12.50 per share and therefore the acquisition price represents a discount from Lawson Software’s closing price the day before the announcement. Additionally 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 Additionally the plaintiff alleges that the proposed takeover is designed to ensure Lawson Software will be sold on terms preferential to certain officials at the companies, but detrimental to plaintiffs and other public stockholders of Lawson Software. Those who purchased shares of Lawson Software, Inc. (Public, NASDAQ-LWSN) # # # The Shareholders Foundation, Inc. is a professional portfolio monitoring service and an investor advocacy group. We do research related to shareholder issues and inform investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. At Shareholders Foundation, Inc. we are in contact with a large number of shareholders. We believe that together we can combine the interests of many investors, and use the size of our interest as leverage against the giant corporations. We offer help, support, and assistance for every shareholder. We help investors find answers to their questions and equitable solutions to their problems. The Shareholders Foundation, Inc. is not a law firm. The information is provided as a public service. It is not intended as legal advice and should not be relied upon. End
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