Lionbridge Technologies (LIOX) Acquired by H.I.G. Capital for $5.75/Share

Lionbridge Enters into a Definitive Agreement to be Acquired by H.I.G. Capital

WALTHAM, Mass., Dec. 12, 2016 /PRNewswire/ -- Lionbridge Technologies, Inc. (Nasdaq: LIOX), today announced that it has signed a definitive agreement to be acquired by an affiliate of H.I.G. Capital, LLC ("H.I.G."), a leading global private equity investment firm. Under the terms of the agreement, Lionbridge stockholders will receive $5.75 per share in cash for each share of Lionbridge common stock, representing a 17% premium over Lionbridge's 60 day-weighted average price per share as of December 09, 2016.

H.I.G. is a leading global private equity investment firm with $21 billion of equity... More