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Lawson Software and Intentia International Complete Combination; Acceptance Period for the Offer is Extended to Permit Late Tenders.


ST. PAUL St. Paul

as a missionary he fearlessly confronts the “perils of waters, of robbers, in the city, in the wilderness.” [N.T.: II Cor. 11:26]

See : Bravery
, Minn. & STOCKHOLM, Sweden -- Combined Company is a New Leader in Enterprise Applications, Serving 4,000 Customers in 40 Countries

Lawson Software (Lawson Software, St. Paul, MN, www.lawson.com) A software company that specializes in ERP for vertical markets including health care, retail, public sector, professional and financial services. , 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 di·lute  
tr.v. di·lut·ed, di·lut·ing, di·lutes
1. To make thinner or less concentrated by adding a liquid such as water.

2. To lessen the force, strength, purity, or brilliance of, especially by admixture.
 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 The Stockholm Stock Exchange (Swedish: Stockholmsbörsen) is a stock exchange located in Stockholm, Sweden. Founded in 1863 [1] it is the primary securities exchange of the Nordic Countries.  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 CUSIP

See: Committee on Uniform Securities Identification Procedures


CUSIP

See Committee on Uniform Securities Identification Procedures.
 (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 p.m. (CET CET
abbr.
Central European Time


CET Central European Time

CET n abbr (= Central European Time) → hora de Europa central

CET abbr
). 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 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 Noun 1. consulting service - service provided by a professional advisor (e.g., a lawyer or doctor or CPA etc.)
service - work done by one person or group that benefits another; "budget separately for goods and 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 The fancy word for "purchasing." The procurement department within an organization manages all the major purchases. , retail operations and service process optimization Process optimization is the practice of making changes or adjustments to a process, to get results.

Optimization is the use of specific techniques to determine the most cost effective and efficient solution to a problem or design for a process.
. With headquarters in St. Paul, Minn., Lawson has offices and affiliates serving North and South America South America, fourth largest continent (1991 est. pop. 299,150,000), c.6,880,000 sq mi (17,819,000 sq km), the southern of the two continents of the Western Hemisphere. , 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 forward-looking statement

A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections.
 

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 ob·li·gate  
tr.v. ob·li·gat·ed, ob·li·gat·ing, ob·li·gates
1. To bind, compel, or constrain by a social, legal, or moral tie. See Synonyms at force.

2. To cause to be grateful or indebted; oblige.
 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 United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. , 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 Form 10-Q

See 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 Investor relations

The process by which the corporation communicates with its investors.
 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 solicitation

In criminal law, the act of asking, inducing, or directing someone to commit a crime. The person soliciting another becomes an accomplice to the crime. The term also refers to the act of obtaining bribes, as well as to the crime of a prostitute who offers sexual
 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 Proxy Statement

A document containing the information that a company is required by the SEC to provide to shareholders so they can make informed decisions about matters that will be brought up at an annual stockholder meeting.
, 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 New Zealand (zē`lənd), island country (2005 est. pop. 4,035,000), 104,454 sq mi (270,534 sq km), in the S Pacific Ocean, over 1,000 mi (1,600 km) SE of Australia. The capital is Wellington; the largest city and leading port is Auckland.  OR SOUTH AFRICA South Africa, Afrikaans Suid-Afrika, officially Republic of South Africa, republic (2005 est. pop. 44,344,000), 471,442 sq mi (1,221,037 sq km), S Africa. .
COPYRIGHT 2006 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2006, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:Apr 25, 2006
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