Ericsson acquires more than 95 percent of LHS shares
3 July 2009
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Ericsson (NASDAQ:ERIC) has recently, through a wholly owned subsidiary, purchased shares in LHS AG (XETRA:LHS) that together with currently held shares represents more than 95 percent of the outstanding shares in LHS.
Today, Ericsson informed LHS that it requests a squeeze-out resolution to be passed at LHS’ next shareholders’ meeting. The date for the next shareholders’ meeting has not yet been set.
Back in 2007, Ericsson announced a cash offer to acquire LHS, aimed at strengthening its leading offering in revenue management with a fully integrated convergent charging and billing solution.
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