ATLANTA-LHS Group Inc. announced it completed the acquisition of Priority Call Management Inc.
Under terms of the merger agreement, all shares and options of Priority Call will be exchanged for approximately 5.2 million fully diluted LHS shares. Based on LHS’ June 9 closing price of $29.13 per share, the transaction is valued at approximately $151 million.
Priority Call’s ORYX platform will allow LHS’ existing and new customers to offer various services such as prepaid calling, credit/debit card calling, enhanced messaging and one-number “follow me” services, said LHS.
