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
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
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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