Will Lawson Software give us a triple?

March 14, 2011

For this morning’s main post, on tool-making giant Stanley Black & Decker (SWK), please see the next item.

As regular readers know, two of the companies we named to our Top 10 list of M&A targets for 2011 have already announced deals. Now it looks like a third may follow suit: Lawson Software (LWSN), which said on Friday that it was considering a takeover bid at $11.25 a share from Infor Global Solutions and Golden Gate Capital.

DealBook pegs the offer, which works out to $1.8 billion, at a 2.5% discount from Friday’s close, after the stock jumped last week in response to news that Lawson had hired an outside adviser and was considering its strategic options. But the stock is up this morning to around $12.24 in what StreetAccount.com is attributing to speculation that Oracle (ORCL) might come in at as much as $15 a share.

The offer may be a discount to Friday’s price, but on January 14, the day we published our M&A report, the stock closed at $9.34. That means a deal at even $11.25 a share would be a 20% premium for anyone who had bought at the time, and $15 (if it were to materialize) would ring up a whopping 61% gain.

We’ll see what happens. In the meantime, to get more information about FootnotedPro, you can request a copy of our M&A report or inquire about sample reports or a trial subscription.

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