Article: EZCORP Announces Plan to Invest in Cash Converters.

EZCORP, Inc. (NASDAQ: EZPW) announced that it has entered into an agreement to acquire approximately 108 million newly issued ordinary shares of Cash Converters International Limited, a public company headquartered in Perth, Australia. Upon completion of the transaction, EZCORP will own approximately 30% of the outstanding ordinary shares of Cash Converters and will hold two of five seats on Cash Converters' Board of Directors.

Cash Converters franchises and operates financial services and retail stores, which provide pawn loans and other consumer finance products and buy and sell used merchandise. There are more than 135 Cash Converters stores in Australia, more ...

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