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Stock Market & Financial Investment News

News Breaks
January 7, 2013
16:27 EDTLMLP, DRIVLML Payment shareholders approve Digital River $3.45/share merger proposal
Digital River (DRIV) and LML Payment Systems (LMLP) announce that LML has received shareholder approval for the proposed plan of arrangement with Digital River. Under the arrangement, Digital River will acquire all of the issued and outstanding common shares of LML in exchange for $3.45 in cash for each LML Share. Each holder of an option or warrant to acquire LML Shares will receive a cash payment per option or warrant equal to the difference between U.S. $3.45 and the exercise price of the respective option or warrant. If the final order is obtained on Jan. 8, 2013, and all further approvals and conditions are obtained and satisfied, it is expected that the arrangement will be completed on or about Jan. 10, 2013.
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