Terms and details that are additional
Beneath the regards to the contract, that has been unanimously authorized because of the panels of directors of both organizations, money America investors will be given a fixed trade ratio of 0.84 First Cash shares for every single 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 possess more or less 42%.
Following a closing of this deal, FirstCash will likely to be headquartered in Fort Worth, Texas.
Pending conclusion associated with deal, both businesses expect you’ll continue steadily to pay quarterly money dividends under each company’s existing dividend policy and particular stock repurchase programs will likely 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 associated with the applicable Hart-Scott-Rodino waiting period and approvals by the investors of both First money and money America.
Credit Suisse is serving as lead economic consultant to First Cash and Comstock Capital & Advisory Group, LLC and Pi Capital Global LLC additionally served as monetary advisors to First money. Alston & Bird LLP is serving as a 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.
Conference Call and Webcast
First Cash and money America will host a joint seminar call and webcast today, April 28, at 8:00 a.m. ET (7:00 a.m. CT) to discuss the merger deal in addition to both companies’ 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 minutes ahead of the planned begin time.
A hyperlink towards the webcast replay will be accessible briefly following the call concludes in the businesses’ investor relations web sites. A replay may additionally be accessed for 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 over 1,270 retail and lending that is consumer in the U.S., Mexico, Guatemala and El Salvador, First Cash Financial solutions, Inc. is a number one worldwide operator of pawn shops. First Cash concentrates on serving cash and credit constrained consumers through its retail pawn areas, which purchase and sell a wide array of precious precious precious jewelry, gadgets, energy tools, home devices, sports, musical instruments as well as other product, while making tiny customer pawn loans secured by pledged property that is personal. Roughly 97% associated with Company’s revenues come from pawn operations.
First Cash is a company that is component both the conventional & Poor’s SmallCap 600 Index ® plus the Russell 2000 Index ® . First Cash’s common stock (ticker symbol “FCFS”) is exchanged in the NASDAQ worldwide Select marketplace, which includes the best initial listing requirements of any stock market on the planet according to monetary and liquidity demands.
About Money America
At the time of March 31, 2016, money America Global, Inc. operated 892 total places in the usa providing pawn lending and associated solutions to consumers, including look at this web-site the immediate following:
- 819 financing areas in 20 states in america mainly underneath the true names“Cash America Pawn,” “SuperPawn,” “Cash America pay day loan,” and “Cashland;” and
- 73 check cashing facilities (all of these are unconsolidated franchised check cashing facilities) working in 12 states in the us underneath the name “Mr. Payroll.”
For extra information regarding money America and also the solutions it offers, visit the Company’s site located at: http://www.cashamerica.com or download the bucks America mobile software without expense through the App Store℠and on Bing Play™.