Lawson Software, Inc. Confirms Receipt of Unsolicited Proposal from Infor and Golden Gate Capital


Lawson Software, Inc. Confirms Receipt of Unsolicited Proposal from
Infor and Golden Gate Capital

Board of Directors has Retained Financial Advisor to Assist in
Evaluating the Proposal and Reviewing Strategic Alternatives

ST. PAUL, Minn.--(BUSINESS WIRE (http://www.businesswire.com/))--
Regulatory News:

Lawson Software, Inc. (Nasdaq:LWSN) today confirmed that it received an
unsolicited, non-binding proposal from Infor and Golden Gate Capital to
acquire all of the company's outstanding common stock at a price of
$11.25 per share in cash. The parties are engaged in discussions
regarding this proposal; however, there can be no assurance that any
agreement will be reached.

Following receipt of the unsolicited proposal, the company's board of
directors retained Barclays Capital, Inc. as its financial advisor to
assist in evaluating the proposal, as well as other possible strategic
alternatives. Lawson's board has not made any determination to sell the
company or engage in any other strategic transaction, and there can be
no assurance that the unsolicited proposal or the evaluation of
strategic alternatives will result in any sale or other transaction,
whether with Infor and Golden Gate or any other party.

Unless and until the board makes a determination to sell the company or
engage in another strategic transaction, the company remains fully
committed to its current strategic plan. The board believes that the
company is well-positioned to continue executing its strategic plan
through organic growth in targeted verticals and disciplined
acquisitions.

The company does not intend to comment further regarding this matter
unless and until an agreement is reached, discussions with Infor and
Golden Gate have been terminated or the board concludes its strategic
review.

About Lawson Software

Lawson Software is a global provider of enterprise software. We provide
business application software, maintenance and consulting to customers
primarily in specific services, trade and manufacturing/distribution
industries. We specialize in and target specific industries including
healthcare, services, public sector, equipment service management &
rental, manufacturing & distribution and consumer products industries.
Our software solutions include Enterprise Financial Management, Human
Capital Management, Business Intelligence, Asset Management, Enterprise
Performance Management, Supply Chain Management, Service Management,
Manufacturing Operations, Business Project Management and
industry-tailored applications. Our applications help automate and
integrate critical business processes, which enable our customers to
collaborate with their partners, suppliers and employees, reduce costs
and enhance business or operational performance. Lawson is headquartered
in St. Paul, Minn., and has offices around the world. Visit Lawson
online at
www.lawson.com (http://cts.businesswire.com/ct/CT?id=smartlink&url=http%
3A%2F%2Fwww.lawson.com&esheet=6644941&lan=en-US&anchor=www.lawson.com&in
dex=1&md5=a82fcb8126138e3141765ba3d7d82f1c). For Lawson's listing on the
First North exchange in Sweden, Remium AB is acting as the Certified
Adviser.

Forward-Looking Statements

This press release contains forward-looking statements that contain
risks and uncertainties. These forward-looking statements contain
statements of intent, belief or current expectations of Lawson and its
management. Such forward-looking statements, including statements
regarding discussions with respect to the proposal by Infor and Golden
Gate to acquire Lawson and the review of Lawson's possible strategic
alternatives, are not guarantees of future results and involve risks and
uncertainties that may cause actual results to differ materially from
the potential results discussed in the forward-looking statements.
Lawson is not obligated to update forward-looking statements based on
circumstances or events that occur in the future. Risks and
uncertainties that may cause such differences include but are not
limited to: the uncertainty that a definitive agreement with respect to
a potential sale of Lawson will be reached or the terms thereof; the
ability to complete such a transaction on a timely basis; the
satisfaction of any conditions to the consummation of such a
transaction; the risk that expected benefits of any such transaction may
not materialize as expected; the risk that, prior to the completion of
any such transaction, Lawson's business may experience significant
disruptions, including loss of customers or employees, due to
transaction-related uncertainty or other factors; the possibility that
legal proceedings may be instituted against Lawson and/or others
relating to any such transaction and the outcome of such proceedings;
uncertainties in the software industry; uncertainties as to when and
whether the conditions for the recognition of deferred revenue will be
satisfied; increased competition; the impact of foreign currency
exchange rate fluctuations; continuation of the global recession and
credit crisis; Lawson's ability to integrate acquisitions successfully;
changes in conditions in the company's targeted industries; the outcome
of pending litigation and other risk factors listed in Lawson's most
recent Annual Report on Form 10-K and subsequent Quarterly Reports on
Form 10-Q filed with the Securities and Exchange Commission. Lawson
assumes no obligation to update any forward-looking information
contained in this press release.

Lawson Software
Barbara Doyle, +1-651-767-4385
barbara.doyle@lawson.com (barbara.doyle@lawson.com)
Terry Blake, +1-651-767-4766
terry.blake@us.lawson.com (terry.blake@us.lawson.com)

Attachments

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