NEW YORK, April 26, 2011 (GLOBE NEWSWIRE) -- Pomerantz Haudek Grossman & Gross LLP is investigating potential claims on behalf of investors of Lawson Software, Inc. ("Lawson" or the "Company") concerning the proposed acquisition of Lawson by GGC Software Holdings, Inc., an affiliate of Golden Gate Capital and Infor, in a transaction valued at $2 billion.
The investigation concerns whether the board of directors breached their fiduciary duties by failing to adequately shop the Company and disclose material details about the transaction to shareholders. Under the terms of the agreement, Lawson stockholders will receive $11.25 in cash for each share of Lawson common stock held. This share price greatly undervalues Lawson. Indeed, at least one analyst has set a target price at $15.00. The offer price also fails to take into account Lawson's considerable recent growth, including a 223% increase in net income in the third quarter of 2010.
Lawson shareholders seeking more information about this acquisition are advised to contact Gustavo Bruckner, Esq. at gfbruckner@pomlaw.com or 212-661-1100 or toll free at 888-476-6529, ext. 302. Shareholders may also contact Rachelle R. Boyle at rrboyle@pomlaw.com or 212-661-1100 or 888-476-6529, ext. 237.
The Pomerantz Firm, with offices in New York, Chicago, and Washington, D.C., is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, the Pomerantz Firm pioneered the field of securities class actions. Today, more than 70 years later, the Pomerantz Firm continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomerantzlaw.com.
CONTACT: Rachelle R. Boyle Pomerantz Haudek Grossman & Gross LLP 888-476-6529 (ext. 237) 212-661-1100 (ext. 237) rrboyle@pomlaw.com