Ericsson buys into LHS

Ericsson, through an indirectly held wholly owned subsidiary, has purchased shares and received acceptances for 84% of the outstanding shares and voting rights in LHS.

 

In the voluntary public takeover offer to acquire all outstanding LHS shares, the offer has been accepted for 2,475,462 LHS shares as of the end of the acceptance period, which, in addition to the 9,742,780 LHS shares that Ericsson has acquired, amounts to 12,218,242 LHS shares.

 

Pursuant to German takeover law, an additional acceptance period ran until October 8, allowing all LHS shareholders who have not yet accepted the offer the chance to still do so.

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