openPR Logo
Press release

direct/ Intentia (SE) - Lawson Software and Intentia International complete combination

04-25-2006 06:15 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Intentia (SE)

Acceptance Period for The Offer is Extended to Permit Late Tenders

Combined Company is a New Leader in Enterprise Applications, Serving 4,000 Customers in 40 Countries

ST. PAUL, Minn., and STOCKHOLM, Sweden - April 25, 2006 - Lawson Software, Inc. ("Lawson") (Nasdaq: LWSN) and Intentia International ("Intentia") (XSSE: INT B) today announced the fulfillment of conditions of the offer and the completion of their combination. Holders of shares and warrants in Intentia, representing 5,119,604 shares of series A, 157,505,164 shares of series B, and 23,000,000 warrants, corresponding to approximately 97.4 percent of the shares and approximately 97.9 percent of the votes in Intentia on a fully diluted basis (including all shares issuable pursuant to outstanding warrants but excluding shares issuable pursuant to outstanding convertible securities), accepted Lawson´s offer to exchange their shares and warrants for newly issued shares of Lawson common stock (the "Exchange Offer"). Lawson has also completed its reorganization merger in connection with the combination. All conditions for the completion of the Exchange Offer have been satisfied and settlement of the Exchange Offer, whereby holders of shares and warrants in Intentia will receive VPC-registered Lawson common stock in exchange, is expected to commence promptly.

Lawson was approved for a secondary listing at the Stockholm Stock Exchange on April 24, 2006. VPC-registered Lawson common stock will commence trading on the Swedish Stock Exchange under the symbol LWSN as soon as practicable after settlement of the Exchange Offer. Following Lawson´s holding company reorganization, which will be effective as of the open of trading on Nasdaq on April 25, 2006, Lawson common stock will continue to trade on the Nasdaq National Market under the symbol LWSN and will be assigned a new CUSIP (52078P102). No new certificates will be issued as a result of the reorganization, and holders of Lawson common stock will not need to exchange any certificates representing the Lawson common stock they hold.

To enable those holders of shares in Intentia who have not yet tendered their shares to participate in the Exchange Offer, the Exchange Offer has been further extended up to and including May 5, 2006, 5:00 p.m. (CET). Shares tendered during the extended acceptance period are expected to settle commencing the week following the expiration of the extended acceptance period. After the extension, Lawson intends to initiate compulsory acquisition proceedings regarding the shares that have not been tendered in the Exchange Offer.

New Company is a Leader in Enterprise Applications
The combination of Lawson and Intentia creates a global leader in enterprise applications with approximately 4,000 customers in more than 40 countries. "As we close this chapter on the merger exercise, we begin the task of executing our plans and fulfilling the promise of a new, larger, stronger, global Lawson," said Harry Debes, Lawson Software´s president and chief executive officer. "We are convinced that the market wants legitimate and credible choices and this combination makes us a strong contender in numerous markets around the globe."


About Lawson Software
Lawson Software provides business application software and consulting services to services organizations in the healthcare, retail, government and education, banking and insurance and other markets. Lawson´s software suites include enterprise performance management, distribution, financials, human capital management, procurement, retail operations and service process optimization. With headquarters in St. Paul, Minn., Lawson has offices and affiliates serving North and South America, Europe, and Africa. Lawson Software and Lawson are registered trademarks of Lawson Software, Inc. All rights reserved.

About Intentia
Intentia is the only global enterprise solutions provider 100% dedicated to bringing software applications and consulting services to companies whose core processes involve manufacturing, distribution and maintenance--what we call the "make, move and maintain" market.

100% of our resources are committed to this market.
100% of our software is designed for this market.
100% of our experience is in serving this market.

Intentia was founded in 1984 and serves over 3,000 customer sites in some 40 countries around the world. Our business solutions currently comprise enterprise management, supplier relationship management, customer relationship management, supply chain management, value chain collaboration, enterprise performance management and workplace management.

Intentia is a public company traded on the Stockholm Stock Exchange (XSSE) under the symbol INT B. Visit Intentia´s website at www.intentia.com


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, and Intentia and its management. Such forward-looking statements 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. The companies are 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: uncertainties in Lawson´s ability to realize synergies and revenue opportunities anticipated from the Intentia International acquisition; uncertainties in the software industry; global military conflicts; terrorist attacks in the United States, and any future events in response to these developments; changes in conditions in the company´s targeted service industries; increased competition and other risk factors listed in the company´s most recent Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission and as included in Lawson Holding´s Form S-4 Proxy Statement/Prospectus filed with the Commission.


Additional Information and Where to Find It
Lawson has filed a registration statement on Form S-4 containing a proxy statement/prospectus in connection with the proposed acquisition of Intentia by Lawson pursuant to the terms of the Transaction Agreement by and between Lawson and Intentia. On or about March 22, 2006, the proxy statement/prospectus was mailed to the stockholders of Lawson and Intentia security holders who are U.S. persons. Lawson has also filed and registered a prospectus with the Swedish Financial Supervisory Authority. The security holders of Lawson and Intentia are urged to read the proxy statement/prospectus and other relevant materials because they contain important information about the offer. Investors and security holders may obtain free copies of these documents and other documents filed with the Securities and Exchange Commission at the Securities and Exchange Commission´s website at www.sec.gov . In addition, investors and security holders may obtain free copies of the documents filed with the Securities and Exchange Commission by Lawson by going to Lawson´s Investor Relations page on its corporate website at www.lawson.com .

Lawson and its directors and executive officers may be deemed to be participants in the solicitation of proxies from the stockholders of Lawson in connection with the transaction described herein. Information regarding the special interests of these directors and executive officers in the transaction described herein will be included in the proxy statement/prospectus described above. Additional information regarding these directors and executive officers is also included in Lawson´s proxy statement, which was also filed as part of the Form S-4 submission filed with the SEC. This document is available free of charge by contacting the SEC or Lawson as indicated above.


THIS PRESS RELEASE MAY NOT BE DISTRIBUTED, DIRECTLY OR INDIRECTLY, TO OR FROM AUSTRALIA, JAPAN, CANADA, NEW ZEALAND OR SOUTH AFRICA.


# # #


Lawson Software
Terry Blake
Media
+1-651-767-4766
terry.blake@lawson.com

Lawson Software
Barbara Doyle
Investor Relations
+1-651-767-4385
barbara.doyle@lawson.com

Intentia
Niklas Björkqvist
General Counsel
Telephone: +46-8-5552 5249
Fax: +46-8-5552 5999
Cell phone: +46-733-27 5249
niklas.bjorkqvist@intentia.se

Intentia
Micaela Sjökvist
Investor Relations
Telephone: +46 8 5552 5000
Cell phone: +46 70 698 6646
micaela.sjokvist@intentia.se


Press release (pdf)




The announcement distributed by directnews.
The issuer is solely responsible for the content of this announcement.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release direct/ Intentia (SE) - Lawson Software and Intentia International complete combination here

News-ID: 8352 • Views:

More Releases from Intentia (SE)

direct/ Intentia (SE) - Lawson stockholders approve merger with Intentia
Stockholm, Sweden-April 20, 2006-Intentia International AB (publ) (XSSE; INT B), a global enterprise solutions provider for the manufacturing, distribution and maintenance industries, announced today that Lawson Software´s (Lawson) stockholders overwhelmingly approved matters relating to the proposed combination of Lawson with Intentia International AB at its Stockholders Meeting held on April 17th at Lawson´s headquarters in St. Paul, Minnesota, USA. The holders of 74.5 percent of the outstanding Lawson shares voted
direct/ Intentia (SE) - FINANCIAL HEARING CONFERENCE INVITATION: LAWSON SOFTWARE …
ST. PAUL, Minnesota and STOCKHOLM, Sweden - April 19, 2006 - Lawson Software, Inc. ("Lawson") (Nasdaq: LWSN) hereby invites you to participate in a Financial Hearing session in Stockholm on Thursday, April 20, 2006. Lawson Software´s CEO Harry Debes will present the combination of Lawson and Intentia along with CFO Robert Barbieri and Intentia´s CEO Bertrand Sciard. The presentation will be webcasted to meet disclosure requirements and also to make-up
direct/ Intentia (SE) - Apple Growers Cooperative Picks Movex Food and Beverage
Tree Top Licenses Intentia Enterprise Solution to Better Align its Technology Infrastructure with Corporate Strategy Orlando, Fla. And Stockholm, Sweden, April 11, 2006 - Intentia, a global enterprise solutions provider for the manufacturing, distribution and maintenance industries, announced today that Tree Top Inc. recently licensed a comprehensive set of Movex software solutions. A cooperative of nearly 1,500 growers in Washington, Oregon and Idaho, Tree Top licensed the Intentia Application Suite,
direct/ Intentia (SE) - Intentia Drives EMEA Channel Strategy Forward
Commitment to channel development shown with the launch of the Jump Start Business Partner Programme and new appointment of Mike Nutter as Vice President of Partner Channel in EMEA Stockholm, Sweden - April 3, 2006 - Intentia, a global enterprise solutions provider for the manufacturing, distribution and maintenance industries is strengthening its route to channel by formally announcing its strategy in EMEA. The company is demonstrating its commitment to business

All 5 Releases


More Releases for Lawson

Convenience Store Market Is Booming Worldwide with Lawson, Wawa, QuikTrip
The Convenience Store Market study with 65+ market data Tables, Pie charts & Figures is now released by HTF MI. The research assessment of the Market is designed to analyze futuristic trends, growth factors, industry opinions, and industry-validated market facts to forecast till 2029. The market Study is segmented by key a region that is accelerating the marketization. This section also provides the scope of different segments and applications that
Convenience Store Retailing Market May Set New Growth| Pyaterochka, Lawson, Magn …
A new business intelligence report released by HTF MI with title "Global Convenience Store Retailing Market Size, Status and Forecast 2019-2025" is designed covering micro level of analysis by manufacturers and key business segments. The Global Convenience Store Retailing Market survey analysis offers energetic visions to conclude and study market size, market hopes, and competitive surroundings. The research is derived through primary and secondary statistics sources and it comprises both
Global Acidulants Market Forecast 2017 : Caremoli, Fuerst Day Lawson, Foodchem I …
Acidulants Market Research Report A market study based on the " Acidulants Market " across the globe, recently added to the repository of Market Research, is titled ‘Global Acidulants Market 2017’. The research report analyses the historical as well as present performance of the worldwide Acidulants industry, and makes predictions on the future status of Acidulants market on the basis of this analysis. Ask For Sample Copy of Report : http://bit.ly/2rf7epI Top Manufacturers
direct/ Lawson Software (SE) - New Lawson Launches as a Compelling Alternative T …
Merged Company to Focus on Simplifying Use of ERP Applications ST. PAUL, Minn., and STOCKHOLM, Sweden - May 3, 2006 - Lawson Software (Nasdaq: LWSN) (SSE: LWSN) and Intentia International officially began operating as one company today, vowing to radically simplify the process of developing, deploying, maintaining and using ERP applications. Lawson will deliver a broad portfolio of enterprise applications in 20 languages to more than 4,000 customers in more
direct/ Intentia (SE) - Lawson stockholders approve merger with Intentia
Stockholm, Sweden-April 20, 2006-Intentia International AB (publ) (XSSE; INT B), a global enterprise solutions provider for the manufacturing, distribution and maintenance industries, announced today that Lawson Software´s (Lawson) stockholders overwhelmingly approved matters relating to the proposed combination of Lawson with Intentia International AB at its Stockholders Meeting held on April 17th at Lawson´s headquarters in St. Paul, Minnesota, USA. The holders of 74.5 percent of the outstanding Lawson shares voted
direct/ Intentia (SE) - FINANCIAL HEARING CONFERENCE INVITATION: LAWSON SOFTWARE …
ST. PAUL, Minnesota and STOCKHOLM, Sweden - April 19, 2006 - Lawson Software, Inc. ("Lawson") (Nasdaq: LWSN) hereby invites you to participate in a Financial Hearing session in Stockholm on Thursday, April 20, 2006. Lawson Software´s CEO Harry Debes will present the combination of Lawson and Intentia along with CFO Robert Barbieri and Intentia´s CEO Bertrand Sciard. The presentation will be webcasted to meet disclosure requirements and also to make-up