LONDON (ShareCast) - Security provider Westminster settled a dispute with the vendors of CTAC, which it acquired back in 2010.
AIM-listed Westminster purchased the high-end security firm for £1.8m, dependent on performance.

In a statement on the matter, Westminster did not disclose what the settlement cost but said an initial payment would be made within 28 days and a final one before May 28.

Chief executive Peter Fowler said he was pleased the legacy issue had been finalised so that management time could be spent on developing the business.

Shares in Westminster were down by 6.25% to 22.50 on Wednesday at 09.07.

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