CMS completes first tranche to acquire 53.89% of Securens
CMSINFO · price
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CMS Info Systems acquired 1,514,299 convertible preference shares in Securens Systems, representing 53.89% of its share capital on a fully diluted basis. This completed the first tranche. CMS is now acquiring the remaining shares in one or more tranches.
CMS now has a majority stake in Securens, expanding its business exposure. Further spending may be needed to acquire the remaining shares.