Ericsson acquires more than 95 percent of LHS shares

Written by admin. Posted in Telecom Europe, Telecom News

Tagged: , , , ,

Published on July 03, 2009 with No Comments

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.

No Comments

There are currently no comments on Ericsson acquires more than 95 percent of LHS shares. Perhaps you would like to add one of your own?

Leave a Comment