Common Contracts
1 similar Asset Purchase Agreement contracts
SECURITIES AND EXCHANGE COMMISSIONAsset Purchase Agreement • January 28th, 2018 • Ontario
On June 3, 1996, 1176484 Ontario Inc., a wholly-owned subsidiary of Transaction Systems Architects, Inc. (TSA or the Company), organized under federal law of Canada, acquired substantially all of the net assets of TXN Solution Integrators (TXN), a Canadian partnership. TSA is in the process of changing the name of 1176484 Ontario Inc. to Applied Communications Canada, Inc. TXN's ultimate parent company is Tandem Computers Incorporated (Tandem). The purchase price was approximately $3.6 million in cash and the assumption of certain liabilities of TXN. The purchase price will be adjusted based upon the change in certain of TXN's net assets from April 30, 1996 to May 31, 1996. The cash purchase price was paid out of existing TSA corporate funds. The acquired assets consisted primarily of accounts receivable, fixed assets, software, contract rights and goodwill.
