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LWSN stockholders approve merger agreement with GGC & Infor
30 Jun '11
1 min read
Lawson Software announced that at the special meeting of Lawson's stockholders, 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 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.
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 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.
Lawson Software
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