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Australian firm buys Lord Securities

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Computershare Limited purchased SPV administrator Lord Securities last week for $12.4 million in cash plus a maximum additional payment of $3.1 million, should certain incentives be achieved.Australia-based Computershare specializes in share registration, employee equity plans, proxy solicitation and other financial and communication services. Lord will maintain its New York-based offices and its 20-person workforce will not change as a result of the purchase. Managing Directors Benjamin Abedineand Orlando Figueroa will continue running the firm.

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