Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.

What: Shares of enterprise software maker Lawson Software (Nasdaq: LWSN) jumped as much as 13% today on buyout buzz.

So what: Last Tuesday, Reuters reported that Lawson had hired Barclays to explore strategic alternatives including a sale, and on Friday an offer came to fruition. Infor Global Solutions and Golden Gate Capital have offered $1.8 billion, or $11.25 per share, which was actually below Friday's closing price.

Now what: The stock is trading at $12.25 as I am writing, so the market is definitely expecting either an increased offer or a competing bid. SAP (NYSE: SAP) and Oracle (Nasdaq: ORCL) would be two potential bidders in the enterprise software space, but so far there is only speculation of a bid. It's a little risky to be buying today with only speculation floating around. If you're looking for a place to cash out, though, this could be a great time to get out without having to risk losing some of the "rumor" premium if another offer doesn't come in.

Interested in more info on Lawson Software? Add it to your watchlist.

Fool contributor Travis Hoium does not have a position in any company mentioned. You can follow Travis on Twitter at @FlushDrawFool, check out his personal stock holdings or follow his CAPS picks at TMFFlushDraw.

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