Ericsson acquires more than 95 percent of LHS shares
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.
Notes to editors:
Ericsson announces cash offer to acquire LHS
www.ericsson.com/ericsson/press/releases/20070605-1131109.shtml
Ericsson's multimedia content is available at the broadcast room:
www.ericsson.com/broadcast_room
Ericsson is the world's leading provider of technology and services to telecom operators. Ericsson is the leader in 2G, 3G and 4G mobile technologies, and provides support for networks with over 1 billion subscribers and has a leading position in managed services. The company's portfolio comprises of mobile and fixed network infrastructure, telecom services, software, broadband and multimedia solutions for operators, enterprises and the media industry. The Sony Ericsson and ST-Ericsson joint ventures provide consumers with feature-rich personal mobile devices.
Ericsson is advancing its vision of "to be the prime driver in an all-communicating world" through innovation, technology, and sustainable business solutions. Working in 175 countries, more than 75,000 employees generated revenue of SEK 209 billion (USD 32.2 billion) in 2008. Founded in 1876 with the headquarters in Stockholm, Sweden, Ericsson is listed on OMX NASDAQ, Stockholm and NASDAQ New York.
www.ericsson.com
www.ericsson.mobi
www.twitter.com/ericssonpress
FOR FURTHER INFORMATION, PLEASE CONTACT
Ericsson Corporate Public & Media Relations
Phone: +46 10 719 69 92
E-mail: press.relations@ericsson.com
Ericsson Investor Relations
E-mail: investor.relations.se@ericsson.com
Published on: 2009-07-04
Limited copyright is granted for you to use and/or republish any story on this site for
any legitimate media purpose as long as you reference 7thSpace and any source mentioned in the story above. Please
make sure to read our disclaimer prior to contacting 7thSpace Interactive. To contact our editors, visit our online helpdesk. If you wish submit your own press release, click here. Media releases on this web site are also distributed to thousands of international journalists via OTS Alert service.
Social Bookmarking
RETWEET This! | Digg this! | Post to del.icio.us | Post to Furl | Add to Netscape | Add to Yahoo! | Rojo
|
|
