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News Breaks | | | | June 18, 2012 | | 05:39 EDT |  | FCFS | First Cash Financial acquires 24-store chain of U.S. pawn stores
First Cash Financial Services announced the acquisition of 24 pawn stores located in the states of Colorado (13), Kentucky (7), Wyoming (3) and Nebraska (1). The 24 acquired locations are all large format, full service pawn stores operating under the Mister Money brand. The purchase price for the all-cash transaction was approximately $25.5M. The operations and earnings of the acquired stores have been consolidated into First Cash effective with the closing of the transaction on June 15. The company expects transaction and integration costs associated with the acquisition of approximately $0.01 per share in Q2 of 2012. | |
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