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EQT Infrastructure to buy Lumos Networks in $950 mln deal: Reuters

Fiber-based service provider Lumos Networks Corp (LMOS.O) said on Monday it agreed to be bought by investment firm EQT Infrastructure in an all-cash deal with an enterprise value of about $950 million.

The offer of $18 per share represents an 18.2 percent premium to Lumos’ closing price of $15.23 on Friday.