Lawson Software Announces Webcast Information for Special Meeting of Stockholders
June 22 2011 - 4:05PM
Business Wire
Regulatory News:
Lawson Software (Nasdaq: LWSN) today announced that it will host
a webcast of its special meeting of stockholders on Wednesday, June
29, 2011, beginning at 11:00 a.m. Eastern Time (10:00 a.m. Central
Time). As previously announced, at the special meeting, Lawson
stockholders will consider and vote upon, among other things, the
proposed merger transaction with GGC Software Holdings, Inc., an
affiliate of Golden Gate Capital and Infor. Lawson stockholders of
record at the close of business on Friday, May 27, 2011, will be
entitled to vote at the special meeting.
As previously announced on April 26, 2011, Lawson signed a
definitive merger agreement to be acquired by GGC Software, under
which Lawson stockholders would receive $11.25 per share in cash.
The transaction is expected to close on or after July 1, 2011.
Institutional Shareholder Services (“ISS”) and Glass Lewis, two
leading independent proxy advisory firms, recommend that Lawson
stockholders vote “FOR” the Company’s proposed transaction at the
special meeting. Both ISS and Glass Lewis also recommend that
Lawson stockholders vote in favor of all related board-sponsored
proposals.
The special meeting will be held at Lawson’s Corporate
Headquarters, Hiawatha & Superior Meeting Rooms, 380 Saint
Peter Street, St. Paul, Minnesota, 55102.
Investors and other interested parties may access the special
meeting by visiting the company's investor website at
www.lawson.com/investor. Interested parties may also listen to this
event by dialing 1-888-469-0973 (or 1-415-228-3886 for
international callers) and using the passcode "0629."
A replay will be available approximately one hour after the
webcast and conference call concludes. The webcast will remain on
www.lawson.com/investor under the “Presentations” section for two
weeks. To access the replay, dial 1-800-879-3386 (or 1-402-220-4713
for international callers) and using the passcode “0629.” The
telephone replay will be available for one week.
On May 31, 2011, in connection with the merger, Lawson filed its
definitive proxy statement with the U.S. Securities and Exchange
Commission (the "SEC") and on June 15, 2011, Lawson filed a
supplement to its definitive proxy statement with the SEC. Lawson
stockholders are encouraged to read the company’s definitive proxy
materials, in their entirety as they provide, among other things, a
detailed discussion of the process that led to the proposed merger
and the reasons behind the Board of Directors' unanimous
recommendation that stockholders vote “FOR” the proposal to adopt
the merger agreement. The company's definitive proxy materials may
be obtained free of charge at the SEC's website at www.sec.gov., at
Lawson's website, www.lawson.com, or by contacting Investor
Relations by phone at 651-767-4890, by email at investor@lawson.com
or by mail at 380 St. Peter Street, St. Paul, MN 55102.
Lawson stockholders who have questions about the merger, need
assistance in submitting their proxy or voting their shares should
contact the company's proxy solicitor, MacKenzie Partners, Inc., at
1-800-322-2885; Email: proxy@mackenziepartners.com.
About Lawson SoftwareLawson Software is a global provider
of enterprise software. We provide business application software,
maintenance and consulting to customers primarily in specific
services, trade and manufacturing/distribution industries. We
specialize in and target specific industries including healthcare,
services, public sector, equipment service management & rental,
manufacturing & distribution and consumer products industries.
Our software solutions include Enterprise Financial Management,
Human Capital Management, Business Intelligence, Asset Management,
Enterprise Performance Management, Supply Chain Management, Service
Management, Manufacturing Operations, Business Project Management
and industry-tailored applications. Our applications help automate
and integrate critical business processes, which enable our
customers to collaborate with their partners, suppliers and
employees, reduce costs and enhance business or operational
performance. Lawson is headquartered in St. Paul, Minn., and has
offices around the world. Visit Lawson online at www.lawson.com.
For Lawson’s listing on the First North exchange in Sweden, Remium
AB is acting as the Certified Adviser.
Forward-Looking StatementsThis press release contains
forward-looking statements that contain risks and uncertainties.
These forward-looking statements contain statements of intent,
belief or current expectations of Lawson and its management. Such
forward-looking statements are not guarantees of future results and
involve risks and uncertainties that may cause actual results to
differ materially from the potential results discussed in the
forward-looking statements. Risks and uncertainties that may cause
such differences include but are not limited to: the risk that the
pending merger with GGC Software Holdings, Inc., an affiliate of
Golden Gate Capital and Infor, may not be completed on a timely
basis, if at all; the risk that the conditions to the consummation
of the merger may not be satisfied; the risk that the merger may
involve unexpected costs, liabilities or delays; the risk that
expected benefits of the merger may not materialize as expected;
the risk that, prior to the completion of the merger, Lawson's
business may experience significant disruptions, including loss of
customers or employees, due to transaction-related uncertainty or
other factors; the fact that legal proceedings that have been
instituted and the possibility that additional legal proceedings
may be instituted against Lawson, its directors and/or others
relating to the merger and the outcome of such proceedings; the
possible occurrence of an event, change or other circumstance that
could result in termination of the merger agreement; uncertainties
in the software industry; uncertainties as to when and whether the
conditions for the recognition of deferred revenue will be
satisfied; increased competition; the impact of foreign currency
exchange rate fluctuations; changes in conditions in Lawson's
targeted industries; the outcome of pending litigation; the relief
sought by Lawson with respect to the judgment in the ePlus
litigation might not be granted in whole or in part; and other risk
factors listed in Lawson's most recent Annual Report on Form 10-K
and subsequent Quarterly Reports on Form 10-Q filed with the
Securities and Exchange Commission. Lawson assumes no obligation to
update any forward-looking information contained in this press
release.
Lawson Software, Inc. (MM) (NASDAQ:LWSN)
Historical Stock Chart
From Nov 2024 to Dec 2024
Lawson Software, Inc. (MM) (NASDAQ:LWSN)
Historical Stock Chart
From Dec 2023 to Dec 2024