National Business Systems Inc said its Transact Data Services Inc subsidiary agreed to acquire Access ATM Network Inc &lt;ATM.TO>s 1.6 mln outstanding shares for 1.6 mln dlrs cash. The company said the deal was conditional on Access completing the previously announced sale of its automated teller machine assets to unidentified buyers and approval by Access shareholders. Closing is expected in May it said. National Business said Transact Data planned to amalgamate Accesss software and switching capability operations.
NATL BUSINESS <NBSIF> SUBSIDIARY IN BUYOUT