Latest Expert Exchange Queries
sitemapHome | Registration | Job Portal for CA's | Expert Exchange | Currency Converter | Post Matrimonial Ads | Post Property Ads
News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Service Tax | Sales Tax | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Indirect Tax | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing
Popular Search: ACCOUNTING STANDARD :: ACCOUNTING STANDARDS :: Central Excise rule to resale the machines to a new company :: VAT RATES :: TDS :: list of goods taxed at 4% :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: due date for vat payment :: TAX RATES - GOODS TAXABLE @ 4% :: VAT Audit :: cpt :: form 3cd :: empanelment :: articles on VAT and GST in India :: ARTICLES ON INPUT TAX CREDIT IN VAT
Mergers and Acquisitions »
 In M&A, ratings soft-pedal risks in borrowing binge
 Harvard Business School To Examine Mergers And Acquisitions In New Executive Education Program
 India Inc In Deal-Making Mode; Mergers & Acquisitions Lead The Way
 S&P 500 Futures Rally on Major Mergers and Acquisitions
 The Role Of Brand In Petroleum Mergers And Acquisitions
 Mergers and Acquisitions: What Happens After the Announcement?
 Agency mergers and acquisitions continue to be strong for first-half 2016
 The Intricacies Of Financial And Legal Relationships In M&A
 3 integration considerations for Mergers & Acquisitions
 Mergers and acquisitions take centre-stage as funding for start-ups dries up
 Mergers and Acquisitions reach highest quarterly value in India

Technology M&As may cost speculators more than $1 bn
April, 28th 2011

Lawson Software's agreement to sell itself for about $1.9 billion wiped out $175 million for investors who had speculated a higher offer was on the way.

Lawson, which counts billionaire Carl Icahn as one of its biggest shareholders, agreed to be acquired by Golden Gate Capital and Infor for $11.25 a share on Tuesday, 10% below the nine-year high reached this month after the parties had disclosed they were in talks, according to data compiled by Bloomberg.

While Lawson said it searched for better offers and found none, bets on a superior bid had left the stock trading at $12.13 the day before the deal was announced. With companies from Tenet Healthcare to Cephalon and NYSE Euronext trading a combined $947 million above their takeover prices after the pace of worldwide deals climbed 22% this year, some speculators projecting sweetened bids may be disappointed.

Equinox Minerals already lost C$229 million ($241 million) in value after investors incorrectly bet that China's Minmetals Resources would counter Barrick Gold Corp's $7.6 billion takeover. "It's a dangerous game," said Peter Lobravico, New Yorkbased vice president of merger arbitrage trading and sales at Wall Street Access.

"You're not always going to get another bidder to step in. It is healthy for the arb community to have some reminder that there is risk in risk arbitrage." Terry Blake, a spokesman for St. Paul, Minnesota-based Lawson, declined to comment.

Private-equity firm Golden Gate and Alpharetta, Georgiabased Infor, which makes software used by manufacturers and distributors, are paying almost $1.9 billion, excluding net cash, to acquire Lawson's healthcare software, data compiled by Bloomberg show.

Lawson's stock was driven higher in the last month by speculation Oracle may be interested in a takeover after Lawson disclosed March 11 that it was in talks with San Francisco-based Golden Gate and Infor about an unsolicited $11.25-a-share proposal.

Oracle not bidding may signal the second-largest seller of business applications software is exploring a bigger deal, said Richard Williams, an analyst at Cross Research.

Home | About Us | Terms and Conditions | Contact Us
Copyright 2016 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Software Reengineering Software Re-engineering Software Reverse Engineering Software Reverse Development Software Change Modulation Software Conversion Software Re-creation Software Re-development

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions