|
|
Article: Cash America to Acquire 118 Store Consumer Finance Chain.
- Article from:
- Business Wire
- Article date:
- July 1, 2003
CopyrightCOPYRIGHT 2003 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
Business Editors
FORT WORTH, Texas--(BUSINESS WIRE)--July 1, 2003
Cash America International, Inc. (NYSE:PWN), the "Company," announced today that it has executed a purchase agreement for the future acquisition of Cashland, Inc. Cashland operates a chain of 118 consumer finance centers offering short-term cash advances, check cashing, money transfer and similar services. Based in Dayton, Ohio, Cashland has expanded its presence throughout the State through new store openings since its founding in 1987. The Company reported the initial valuation of the acquisition to be approximately $53 million, with the closing expected to take place in the next 60 ...