SQS Software Quality Systems AG updates on Thinksoft acquisition

Wednesday, 29 Jan 2014 02:00am EST 

SQS Software Quality Systems AG:Says that, as of Jan. 1, Thinksoft has been fully consolidated into the accounts of the company, on the basis that SQS had acquired a majority control of the board as at Dec. 31, 2013.Says the tender offer process, which requires approval prior to launch from the Securities and Exchange Board of India, is expected to launch in Feb and, consequently, the company expects to acquire the additional tender offer shares in Mar. 

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