Icahn Ups Stake In Lawson Software
Icahn bought an additional 528,000 shares in the application software provider in the first week of October for a total of $4.3 million, raising his stake in the company to a little over 10% from 4.6% as of June.
Lawson reported better-than-expected results for the June-August quarter, with profits jumping 61% to $9.6 million, or 6 cents per share, on revenues of $174.7 million. Adjusted for items, the company reported profits of 11 cents per share, beating consensus estimates of 9 cents per share.
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