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.

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Categories: Payments & Commerce | Payments General
Countries: World
This article is part of category

Payments & Commerce