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VERITADYNE |

14 Jun

Posted at 22:45h in paydayloansindiana.org Payday Loan by
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First Cash Financial Services and money America Global to mix in Merger of Equals to produce Leading

Combined business to Have Experienced Management Team and a platform that is strong development and Value production

Financial Strength to b st capability to Expand in growing American that is latin Market to guide Capital Returns to Shareholders

Combined business anticipated to spend yearly money Dividend of $0.76 Per Share

Transaction anticipated to Be considerably Accretive to Free cashflow and Earnings Per Share

Increased Scale Expected to bring about $50 Million in Annual Run-Rate Synergies

First Cash and money America to Host Joint Conference Call and Webcast at 8 00 a.m. ET Today

ARLINGTON, Texas & FORT WORTH, Texas--( COMPANY WIRE )--First Cash Financial solutions, Inc. (NASDAQ FCFS), a respected international operator of retail pawn shops in Latin America plus the united states of america, and money America Overseas, Inc. (NYSE CSH), a prominent operator of retail pawn shops in the us, today announced they have entered in to a definitive merger agreement under that your two businesses will combine in a taxation free, all-stock deal. The pro-forma market value of equity for the transaction is respected at more or less $2.4 billion, on the basis of the present stocks outstanding while the closing stock cost on April 27, 2016 for both businesses.

The combined business, become known as FirstCash, could have one of many biggest pawn that is retail f tprints in Latin America and also the united states of america, with more than 2,000 areas across four nations. The robust cash flows and monetary power of this merged businesses will permit greater money returns to investors in the shape of increased money dividends and additional stock buybacks and for continued expansion in Latin America.

“This is just a combination that is transformational produces compelling development and value creation opportunities for both companies’ stakeholders,” said Rick Wessel, Chairman and ceo of First money.