Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers T > Headlines for Tenders 2011 > News item |
Lawson holders may put back 2.5% convertibles after merger with GGC
By Susanna Moon
Chicago, July 8 - Lawson Software, Inc. said holders may put their 2.5% senior convertible notes due 2012 because of a fundamental change that occurred on July 5 after its planned merger with GGC.
The notes are putable at par plus accrued interest to the put date of Aug. 8.
Holders may surrender their notes from July 8 until 5 p.m. ET on Aug. 5, the expiration date.
The Bank of New York Mellon is paying agent.
As previously announced, the company entered into an agreement on April 26 with GGC Software Holdings, Inc., a Delaware corporation, and Atlantis Merger Sub, Inc., also a Delaware corporation and a wholly owned subsidiary of GGC. Under the proposed merger, Atlantis Merger Sub will merge into Lawson, and Lawson will become a wholly owned subsidiary of GGC.
Lawson also said on June 20 that the 2.5% notes due 2012 would be convertible if the merger occurred beginning on the business day following the effective date of the merger until 5 p.m. ET on the day preceding the fundamental change repurchase date.
Based in St. Paul, Minn., Lawson specializes in enterprise software.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.