Lionbridge Technologies (LIOX) Tops Q3 EPS by 6c, Sales Miss; Guides Q4 Sales Below the Street
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Lionbridge Technologies (LIOX) to Acquire CLS Communication in ~$77M Deal
November 10, 2014 8:26 AM ESTLionbridge Technologies (Nasdaq: LIOX) announced a definitive agreement to acquire CLS Communication, a privately-held provider of translation solutions to clients in the financial services, industrial, public sector and life sciences markets. The combination of Lionbridge and CLS will address growing demand for integrated, technology-enabled translation solutions that allow organizations to create, translate and manage digital content worldwide.
Lionbridge expects to purchase CLS Communication for approximately 74 million Swiss Francs, or approximately $77 million US Dollars in cash, subject to estimated cash and debt adjustments at closing and certain post-closing adjustments. The acquisition is being... More
