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Article: Cash America Completes Cashland Acquisition and Raises Earnings Estimates.
- Article from:
- Business Wire
- Article date:
- August 4, 2003
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Business Editors
FORT WORTH, Texas--(BUSINESS WIRE)--Aug. 4, 2003
Cash America International, Inc. (NYSE:PWN), the "Company," announced today that it has completed the acquisition of Cashland, Inc. Cashland, based in Dayton, Ohio, operates a chain of 121 consumer finance centers offering short-term cash advances, check cashing, money transfer and similar services. Cash America announced its intention to purchase the assets of Cashland in early July following completion of due diligence, financing and regulatory approvals.
At closing, Cash America issued acquisition consideration consisting of cash and 1,533,333 shares of common stock with a ...