Robbins Umeda LLP Is Investigating Lawson Software, Inc. Acquisition for Shareholders
Robbins Umeda LLP, a shareholder rights litigation firm, is investigating possible breaches of fiduciary duty and other violations of state law by members of the board of directors of Lawson Software, Inc. (Nasdaq: LWSN) in connection with their efforts to sell Lawson to Infor Global Solutions and Golden Gate Capital.
If you own stock in Lawson and would like more information about your rights as a shareholder, please contact attorney Gregory E. Del Gaizo at 800-350-6003 or by e-mail at firstname.lastname@example.org. Those who inquire by e-mail are encouraged to include their mailing address and telephone number.
On March 14, 2011, Lawson announced it has received a proposal to be taken private by Infor Global Solutions and Golden Gate Capital. Under the current proposal, Lawson shareholders will receive $11.25 in cash for each share of Lawson common stock they hold.
The investigation seeks to determine whether Lawson’s board of directors is undertaking a fair process to obtain maximum value for its shareholders. One analyst has a $13.00 target price for Lawson. Further, Lawson’s stock traded as high as $13.06 today as the market priced company’s value higher than the current proposal. Moreover, on January 6, 2011, the company reported second quarter 2011 results that beat analysts’ expectations.