Deals
Oracle Seen Buoying Icahn With Lawson Software Offer: Real M&A
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Traders who profit from mergers and acquisitions are betting the $1.8 billion takeover of Lawson Software Inc. will get trumped by a higher offer, with Oracle Corp. the most likely bidder.
Lawson Software, which counts billionaire investor Carl Icahn as one of its biggest shareholders, has risen 6.2 percent above the offer of $11.25 a share from Infor and Golden Gate Capital disclosed March 11, according to data compiled by Bloomberg. That’s more than any U.S. deal over $500 million. Oracle, the second-biggest seller of business applications software, may buy Lawson, whose clients include Safeway Inc. and Volvo AB, Soleil Securities Corp. and Cross Research said.