News

FreeStar Technology Corporation Completes Acquisition of Approximately 87% of TransAxis

Thursday 16 October 2003 20:57 CET | News

FreeStar and TransAxis (formerly Digital Courier Technologies), have announced the closing of the previously-announced acquisition by FreeStar of approximately 87% of the outstanding common stock of TransAxis.

FreeStar issued an aggregate of 25,312,053 shares of its common stock (representing approximately 9.4% of its outstanding shares) to TransAxis stockholders as consideration in the acquisition. FreeStar will file a registration statement with the Securities and Exchange Commission covering the shares of common stock that it issued to the TransAxis stockholders.


Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Keywords:
Categories: Payments & Commerce
Companies:
Countries: World
This article is part of category

Payments & Commerce






Industry Events