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Article: EZCORP Completes Investment in Cash Converters.
- Article from:
- Investment Weekly News
- Article date:
- November 21, 2009
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EZCORP, Inc. (NASDAQ: EZPW) announced that it has completed its acquisition of 108,218,000 newly issued ordinary shares of Cash Converters International Limited, a public company headquartered in Perth, Australia. EZCORP paid AUS $0.50 per share, for a total investment of AUS $54,109,000 (approximately $49.4 million U.S.), and now owns approximately 30% of the outstanding ordinary shares of Cash Converters. The Cash Converters shares are listed on the Australian Stock Exchange (symbol, "CCV") and the London Stock Exchange (symbol, "CCVU"). On November 4, 2009, the closing sales price on the Australian Stock Exchange was AUS $0.54. Completion of the investment follows ...