StockMarketWire.com - ATM supplier Cashbox has gone into administration.

It said InfoCash had reached an arrangement with the administrator, Deloitte, to purchase the assets of business.

Cashbox said would ensure continuity of all aspects of the operations and contracts and safeguard all existing Cashbox customers.

Trading in the firm's shares were suspended on AIM last week when YourCash claimed repayment of the entire principal and accrued interest of a £1.8m loan after concluding that Cashbox was in breach of provisions.

The loan note was issued on 19 September 2008 and arose out of the settlement of litigation.

Last month Cashbox was informed that legal title to the note had been transferred to YourCash.


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