IHS Holding Limited (IHS) Announces its Merger Agreement With MTN Group

​IHS Holding Limited (NYSE:IHS) is one of the Best Undervalued UK Stocks to Invest In. On February 17, IHS Holding Limited (NYSE:IHS) announced entering a merger agreement with MTN Group Limited. As a result, the company will be acquired by MTN for $8.50 per ordinary share, in an all-cash transaction valued at roughly $6.2 billion.

​Management noted that the deal offers strong value to shareholders as it represents a 239% premium over the share price at the time of its strategic review on March 12, 2024. The deal also presents a 36% premium to the 52-week volume-weighted average price as of February 4, 2026, and a 3% premium to the unaffected closing price of $8.23 on that date.

​Sam Darwish, Chairman & CEO, IHS Towers, highlighted that the transaction provides shareholders with immediate cash during a time of market and geopolitical challenges in the company’s main operating regions.

The deal has been fully approved by IHS Holding Limited (NYSE:IHS)’s Board of Directors, and the Board has recommended that shareholders vote in favor of the deal. The transaction is expected to be closed in 2026.

​IHS Holding Limited (NYSE:IHS) owns, operates, and develops shared communications infrastructure, primarily towers, in emerging markets like Brazil, Nigeria, South Africa, and others.

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