February 2, 2006
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Six more weeks of winter? Perhaps the same could be said for the Lawson—Intentia merger.
If you’ve been following this development, the original merger was announced on June 2, 2005, and was “expected to close by December 31, 2005”.
Then in September, “The regulatory filing and audit process is still ongoing. The conversion of three years of Intentia’s financial statements from Swedish accounting standards to U.S. GAAP in order for Lawson to complete its U.S. S-4 registration statement has been complex. The conversion is being completed as rapidly as possible. The Swedish prospectus for Intentia shareholders will be distributed once the S-4 becomes final.”I found this ironic given my own and my client’s frustration with Lawson’s lack of globalization and currency features (see “Se Habla…Lawson” http://www.danalytics.com/guru/letter/archive/2006-02.htm).
The S-4 was finally filed in November.
In December, Lawson & Intentia extended the deadline for completion for their proposed combination to April 30, 2006.
Follow the news at http://www.lawson.intentia.com/.
Wake me up when it’s over.