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LIOX > SEC Filings for LIOX > Form 8-K on 27-Nov-2012All Recent SEC Filings

Show all filings for LIONBRIDGE TECHNOLOGIES INC /DE/

Form 8-K for LIONBRIDGE TECHNOLOGIES INC /DE/


27-Nov-2012

Other Events, Financial Statements and Exhibits


Item 8.01 Other Events.

On November 26, 2012, Lionbridge Technologies, Inc. (the "Company") entered into a Stock Purchase Agreement (the "SPA") with and among Virtual Solutions, Inc. ("VSI"), Robert J. Robinson, Donald F. Mackenzie and Daniel L. Spector (collectively, the "Sellers"), providing for the acquisition on November 30, 2012 (the "Closing") by the Company of all of the outstanding shares of VSI held by the Sellers, for consideration consisting of $3.6 million to be paid upon Closing using Lionbridge's existing cash resources, $1.0 million of deferred cash consideration, and a $3.0 million earn-out potential payable in cash over the course of three years, subject to the attainment of certain annual revenue metrics.

The Company issued a press release regarding its acquisition of VSI, which is attached as Exhibit 99.1 to this report.



Item 9.01 Financial Statements and Exhibits.

99.1 Press Release dated November 27, 2012


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