Icahn Supportive of Lawson Software (LWSN) Sale
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In an amended 13D filed with the U.S. SEC today, activist investors Carl Icahn stated that he was supportive of the strategic process entered into by Lawson Software (Nasdaq: LWSN).
Icahn spoke with Lawson CEO Harry Debes about the situation before making the filing.
Lawson confirmed receipt of an $11.25 per share offer from Infor and Golden Gate Capital. The stock hit a 52-week high of $13.06 today.
Icahn said that he is "supportive of this process and believe that [Lawson] should be sold at the highest price obtained from this process."
Icahn currently holds 17,848,645 shares of Lawson common, or 10.91% of all outstanding.
Icahn spoke with Lawson CEO Harry Debes about the situation before making the filing.
Lawson confirmed receipt of an $11.25 per share offer from Infor and Golden Gate Capital. The stock hit a 52-week high of $13.06 today.
Icahn said that he is "supportive of this process and believe that [Lawson] should be sold at the highest price obtained from this process."
Icahn currently holds 17,848,645 shares of Lawson common, or 10.91% of all outstanding.
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