We use cookies to provide you with a better experience. If you continue to use this site, we'll assume you're happy with this. Alternatively, click here to find out how to manage these cookies

hide cookie message
78,678 News Articles

Lawson shareholders approve sale to Infor

Infor will gain health-care and human resources software, and become the industry's third-largest ERP vendor

A majority of Lawson Software shareholders approved the company's sale to Infor and Golden Gate Capital during a meeting Wednesday, paving the way for the creation of the industry's third-largest ERP (enterprise resource planning) software vendors after SAP and Oracle.

The US$1.8 billion sale, "is advisable, fair and in the best interest of Lawson stockholders," CEO Harry Debes said during the brief meeting. Shareholders asked no questions about the deal.

A number of Lawson shareholders had filed lawsuits against the acquisition, saying the $11.25 per share price agreed upon was unfair.

Those legal matters were expected to be settled "on or about June 22," Lawson said in a filing with the U.S. Securities & Exchange Commission last week.

The addition of Lawson will give Infor a strong hand in health-care and human resources software. It would also stand as a major initial milestone for Infor CEO Charles Phillips, a former Oracle co-president who is credited with playing a key role in that vendor's long string of acquisitions.

Chris Kanaracus covers enterprise software and general technology breaking news for The IDG News Service. Chris's e-mail address is Chris_Kanaracus@idg.com


IDG UK Sites

Top 5 Android tips and tricks for smartphones and tablets

IDG UK Sites

How to join Apple's OS X Beta Seed Program: Get OS X Yosemite on your Mac before public release

IDG UK Sites

Why the BBC iPlayer outage was caused by a DDoS attack: Topsy and Tim isn't *that* popular

IDG UK Sites

BBC using Glasgow 2014 Commonwealth Games to trial 4K/UHD, pan-around video, augmented video and...