Billionaire investor Carl IcahnCarl Icahn has acquired an 8.54% stake in Lawson SoftwareLawson Software Inc. (NYSE: LWSN). The legendary investor has also announced that he plans to discuss the company’s business and operations with its management.
Reuters reported that Lawson Software (LWSN) declined to issue any comment. The investor also could not be reached for comment. Lawson stock gained 7.7% following the news.
Reuters has reported that Lawson stock is priced at a premium to its peers. The stock is trading at a 16x multiple of average expected profit for the next year. The company dealsdeals in specialty business management software. It generated $757 million in revenue during its last fiscal year.
