Commercial Services | Waltham, MA | Public-to-Private Buyout
H.I.G. Capital has agreed to acquire marketing company Lionbridge Technologies (NASDAQ: LIOX) for $5.75 per share, a 17% premium over the company’s 60-day weighted average price per share as of December 9 and a figure that values the company at more than $350 million. If the deal is approved by the company’s shareholders after a 45-day go-shop period, it will close in 1Q 2017. Lionbridge stock closed up 4.3% on Monday, at $5.81 per share.