Billionaire investor Carl Icahn is continuing to buy up shares of Lawson Software Inc. (LWSN). In a Tuesday filing with the U.S. Securities and Exchange Commission, Icahn reported that he bought 258,000 more shares of Saint Paul, Minnesota.- based technology company for an average price of $8.16. This acquisition — his second batch of purchases this year ; Icahn acquired an 8.54% stake in Lawson on May 11 — brings Icahn’s stake to 16,977,432 indirect shares of LWSN. The company has 162.08 million shares outstanding, giving Icahn more than a 10% stake in the company.
The transaction totaled $4,309,589.
Lawson Software, Inc., a $1.4 billion market cap co. that had $737 million in revenue in its most recent fiscal year, offers a range of software applications and industry-specific solutions that help its customers in enhancing their business processes. The co. serves various industries, which principally include equipment service management and rental, fashion, food and beverage, healthcare, manufacturing and distribution, public sector, and service industries.
At last check, LWSN shares were up $22 cents to $8.42, a gain of 2.68%.