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Article: EZCORP Announces New Agreement to Acquire Value Financial Services.
- Article from:
- Mergers & Acquisitions Week
- Article date:
- October 1, 2008
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EZCORP, Inc. (NASDAQ:EZPW) announced that it has entered into a new merger agreement to acquire 100% of the equity ownership of Value Financial Services, Inc. ("Value"). The agreement is a successor to negotiations between the companies that were terminated on August 8, 2008, and then recommenced in late August.
In the merger agreement, EZCORP agrees to exchange three-quarters of a share of EZCORP's Class A Non-voting Common Stock ("EZPW") for each of the approximate 6,646,000 shares of Value's common stock. EZCORP also agrees to pay cash consideration of $11.00 per share in lieu of EZPW shares for up to 20% of the outstanding Value shares.
Assuming ...