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Brink'S Co Agrees to Sell Threshold Subsidiary to DirectCash Payments Inc for $50 Million


Monday, 28 Oct 2013 04:25pm EDT 

Brink'S Co announced that it has agreed to sell its Threshold Financial Technologies subsidiary to DirectCash Payments Inc for $50 million. Under the terms of the agreement, DirectCash will acquire Threshold's private label ATM network and payment processing businesses in Canada. Upon completion of the transaction, Brink's will continue to own and operate Threshold's former integrated managed services business as Brink's Integrated Managed Services (Brink's IMS). The transaction is scheduled to close on or about October 31, 2013. 

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18.95
-0.14 -0.73%
26 Nov 2014