Oracle to munch ERP competitor
30 Mar 2011Author: Chris Sinclair
If Oracle does make a move, which Bloomberg suggests they will, Ellison would make a fellow billionaire even wealthier. Mega-dealmaker Carl Icahn holds 13.58 million of the ERPer's shares – a tidy 10.9 per cent of the total. Bloomberg estimates Icahn would make a sweet 50 per cent gain on his investment in a stock that Seeking Alpha counts as one of the seven that he "can't get enough of."
Two weeks ago, Reuters reported that Lawson had received a $1.8bn offer – $11.25 per share – from the privately held software company Infor and its major stakeholder Golden Gate Capital. Wall St. Cheat Sheet revived that report last week, reminding readers that Reuters had also mentioned that HP, IBM, Microsoft, SAP, and Oracle were also mulling bids.
That $11.25 per share offer is now looking rather puny. As of noon Pacific Time on Tuesday, Lawson shares were hovering around $12 per, giving the company a market capitalization of around $1.96bn. Earlier in the day the stock had spiked at $12.39, and three days after Infor and Golden Gate Capital's March 11 offer it peaked at a 52-week high of $13.06.
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