Lawson Software Stockholders Approve Merger Agreement with Affiliate of Golden Gate Capital and Infor

Lawson Software Stockholders Approve Merger Agreement with Affiliate of
Golden Gate Capital and Infor

 

ST. PAUL, Minn.--(BUSINESS WIRE (http://www.businesswire.com/))--
Regulatory News:

Lawson Software (NASDAQ: LWSN) today announced that at the special
meeting of Lawson's stockholders held today, the stockholders voted to
approve the proposed merger with GGC Software Holdings, Inc., an
affiliate of Golden Gate Capital and Infor. The proposal to adopt the
merger agreement was approved by approximately 68.9% of the total number
of shares outstanding as of the May 27, 2011 record date for the special
meeting, and by more than 98.4% of the shares voted. In addition, the
non-binding proposal regarding certain merger-related executive
compensation arrangements was approved by more than 93.6% of the shares
voted. Further details on these items will be available in the Current
Report on Form 8-K that Lawson will file today with the U.S. Securities
and Exchange Commission.

Pursuant to the merger agreement announced on April 26, 2011, Lawson's
stockholders (other than stockholders who have perfected their statutory
rights of appraisal under Delaware law) will receive $11.25 per share in
cash, without interest and less any applicable withholding taxes, for
each share of common stock they owned immediately prior to the effective
time of the merger. Upon closing of the transaction, Lawson anticipates
that its common stock would be de-listed from NASDAQ and the First North
exchange in Sweden.

About Lawson Software
Lawson 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 (http://cts.businesswire.com/ct/CT?id=smartlink&url=http%
3A%2F%2Fwww.lawson.com&esheet=6778756&lan=en-US&anchor=www.lawson.com&in
dex=1&md5=f20e4d5b4ffc793e89241e04d35fd7b2). For Lawson's listing on the
First North exchange in Sweden, Remium AB is acting as the Certified
Adviser.

Forward-Looking Statements
This 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
Investor Contacts:
Barbara Doyle
+1-651-767-4385
investor@lawson.com (investor@lawson.com)
or
Dan Burch / Laurie Connell
MacKenzie Partners
+1-212-929-5748 / +1-212-378-7071
or
Media Contacts:
Joe Thornton
+1-651-767-6154
joe.thornton@us.lawson.com (joe.thornton@us.lawson.com)
or
Averell Withers / Jillian Palash
Joele Frank, Wilkinson Brimmer Katcher
+1-212-355-4449