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Broadridge Financial Solutions Inc. said Tuesday it has acquired StockTrans, a privately held company that provides services for registering and transferring stocks.

Financial terms were not disclosed.

Broadridge said the acquisition will help the company meet a demand for more reliable, low-cost record keeping and other services.

StockTrans, which is based in Ardmore, Pa., has more than 140 customers serving about 60,000 shareholders, the company said.

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