Beneath the regards to the contract, that was unanimously authorized because of the boards of directors of both businesses, money America investors will receive an exchange that is fixed of 0.84 First Cash shares for every Cash America share they own. After the close associated with the transaction, First money investors will possess about 58% associated with combined business, and money America investors will acquire more or less 42%.
Pending conclusion associated with the deal, both organizations expect you’ll continue steadily to spend quarterly money dividends under each company’s existing dividend policy and particular stock repurchase programs will undoubtedly be suspended.
The deal is anticipated to shut into the half that is second of, susceptible to the satisfaction of customary closing conditions, the termination or termination regarding the applicable Hart-Scott-Rodino waiting period and approvals because of the investors of both First money and money America.
Credit Suisse is serving as lead monetary consultant to First money and Comstock Capital & Advisory Group, LLC and Pi Capital Overseas LLC additionally served as economic advisors to First money. Alston & Bird LLP is serving as lawyer to First money. Jefferies LLC is serving as exclusive advisor that is financial money America, and Hunton & Williams LLP is serving as a lawyer to money America.
First Cash and money America will host a conference that is joint and webcast today, April 28, at 8:00 a.m. ET (7:00 a.m. CT) to discuss the merger deal along with both businesses’ first quarter 2016 results that are financial that have been individually established today.
The dial-in number is (212) 231-2930. Individuals should dial in ten full minutes ahead of the planned begin time.
A web link to your webcast replay will shortly be available following the call concludes in the businesses’ investor relations sites. A replay may be accessed sites like cash central loans for also 72 hours by dialing toll-free: (800) 633-8284 or +1-402-977-9140 for worldwide callers. The replay verification rule is 21776991.
About First Money
With more than 1,270 retail and lending that is consumer in the U.S., Mexico, Guatemala and El Salvador, First Cash Financial solutions, Inc. is a respected worldwide operator of pawn stores. First Cash focuses on serving money and credit constrained consumers through its retail pawn places, which purchase and sell a multitude of precious precious jewelry, electronic devices, energy tools, home devices, sports, musical instruments as well as other product, while making tiny customer pawn loans secured by pledged individual home. About 97% regarding the Company’s revenues come from pawn operations.
First Cash is a company that is component both the typical & Poor’s SmallCap 600 Index ® plus the Russell 2000 Index ® . First Cash’s stock that is common symbol “FCFS”) is exchanged regarding the NASDAQ worldwide choose marketplace, that has the best initial listing criteria of every stock market in the field according to monetary and liquidity demands.
About Money America
At the time of March 31, 2016, money America Overseas, Inc. operated 892 total areas in the United States providing pawn lending and associated solutions to customers, including the annotated following:
For extra information regarding money America therefore the solutions it offers, go to the website that is company’s at: http://www.cashamerica.com or download the bucks America mobile software without expense through the App Store℠and on Bing Play™.