Oracle (ORCL) Could be Looking at Lawson Software (LWSN) -Bloomberg

March 29, 2011 11:35 AM EDT
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Price: $11.23 --0%

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Lawson Software (NASDAQ: LWSN) shares are moving higher in mid-day market trade Tuesday as an analyst is suggesting the company may be an M&A target for Oracle Corp. (NASDAQ: ORCL).

The rumors follow a bid on March 11 by Golden Gate Capital and privately-held enterprise software firm Infor.

Oracle could be interested in Lawson's medical records and supply chain management software, according to a report from Bloomberg.

Shares of Lawson are up 3.66 percent to $12.18 in late-morning trade Tuesday.


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