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News Breaks
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January 3, 2011
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| 10:25 EDT |  | CCRT |
| theflyonthewall.com: | CompuCredit sees proceeds of $160M from sale of Month End Money | | CompuCredit (CCRT) announced this morning that it entered into an agreement to sell its subsidiary with a controlling interest in Month End Money, a provider in the U.K. of Internet-based short-term micro-loans, to Dollar Financial (DLLR) for $195M. Net pre-tax proceeds to CompuCredit are estimated to be approximately $160M after the purchase of minority shares and other transaction related expenditures. The transaction is subject to U.K. regulatory approval and a financing condition and is expected to close in approximately 90 days. :theflyonthewall.com |
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