LHS prepares for takeover

The former main shareholders of LHS - which include several private equity companies of the General Atlantic group with a total share of 47.86% and LHS Beteiligungs with a share of 7.20% -- have sold their total share in the company to Frankfurt am Main, a 100% subsidiary of Ericsson, for a price of 22.50 euros ($30.21) per share.

 

The closing of the agreement is subject to antitrust clearance. The buyer will eventually submit a public takeover offer to acquire the remaining LHS shares for another 22.50 euros ($30.21).

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