CMS Info increases Securens holding to 56.17%
CMSINFO · price
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CMS Info Systems acquired 64,098 convertible preference shares in Securens Systems, adding 2.28% on a fully diluted basis and raising its aggregate holding to 56.17%. It plans to acquire the remaining shares in one or more stages and will disclose each completion.
The higher stake increases CMS Info's ownership and influence in Securens, but acquisition costs and financial benefits were not disclosed.