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Lionbridge agrees to be acquired by H.I.G. Capital.

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M2 EQUITYBITES-December 14, 2016-Lionbridge agrees to be acquired by H.I.G. Capital

(C)2016 M2 COMMUNICATIONS http://www.m2.com

Lionbridge Technologies, Inc. (Nasdaq: LIOX) has agreed to be acquired by an affiliate of private equity investment firm H.I.G. Capital, LLC, the company said.

Under the terms of the agreement, Lionbridge stockholders will receive USD5.75 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 global private equity investment firm with USD21 billion of equity capital under management. The firm invests in companies throughout the US Europe and Latin America and aligns itself with committed management teams to help build businesses of significant value.

Lionbridge will undertake a 45-day "go-shop" period, commencing immediately, during which the Lionbridge Board, with the assistance of its financial and legal advisors, will actively solicit, evaluate and potentially enter into negotiations with parties who offer alternative proposals.

Closing of the transaction is subject to customary closing conditions, including, among others, the affirmative vote in favor of the transaction by holders of a majority of the company's outstanding common stock. It is anticipated that the special meeting of Lionbridge's stockholders to vote on the transaction will be held in the first quarter of 2017, and, if the transaction is approved...

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