Lawson Software Announces Expiration and Final Results of Offer to Purchase to Holders of Its 2.50% Senior Convertible Notes due 2012
(firmenpresse) - ST. PAUL, MN -- (Marketwire) -- 08/08/11 -- Lawson Software, Inc. announced today the expiration and final results of its previously announced tender offer to purchase for cash its 2.50% Senior Convertible Notes due 2012 (the "Notes"). Following the occurrence of a previously announced Fundamental Change under the Indenture governing the Notes, each holder (each, a "Holder") of the Notes had the right to require the Company to purchase any or all of such Holder's outstanding Notes on August 8, 2011 (the "Fundamental Change Repurchase Date").
The offer to purchase the notes, which commenced on July 8, 2011, expired at 5:00pm, New York City time, on August 5, 2011 (the "Exercise Expiration Date"). Subject to the terms and conditions of the Indenture, the Notes and the Fundamental Change Notice and Offer to Purchase, dated July 8, 2011 (the "Fundamental Change Notice"), none of the Notes were tendered and approximately 99.9% of all Notes outstanding, in the principal aggregate amount of approximately $239,833,000, were converted in exchange for $1,057.47 per $1,000 aggregate principal amount of Notes surrendered for conversion.
The Company promptly deposited with the Paying Agent, prior to 11:00 a.m., New York City time, on the Fundamental Change Repurchase Date, an amount of cash sufficient to pay for the surrendered Notes validly tendered and not validly withdrawn prior to the Exercise Expiration Date, and the Paying Agent promptly distributed the payment to its participants in accordance with the procedures as outlined in the Fundamental Change Notice after the later of the Fundamental Change Repurchase Date and the book-entry transfer of the applicable Notes.
This press release shall not constitute an offer to purchase or a solicitation of an offer to sell the notes. The tender offer was made solely by means of the Offer to Purchase and the related Letter of Transmittal.
Lawson Software is an Infor affiliate with more than 4,500 customers worldwide, primarily in specific services, trade and manufacturing/distribution industries.
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Datum: 08.08.2011 - 07:00 Uhr
Sprache: Deutsch
News-ID 1028395
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