First Cash Financial acquires 12-store chain of U.S. pawn stores

theflyonthewall.com

First Cash Financial Services announced that it has entered into an agreement to purchase the operating assets of a 12-store chain of large format pawn stores located in the Charleston, South Carolina area. The operations and earnings of the acquired stores will be consolidated into First Cash effective with the closing of the transaction, which is expected to occur late in Q4, subject to the satisfaction of customary closing conditions, including the issuance of pawn licenses in South Carolina. The company expects Q4 transaction and integration costs to be approximately 2c per share.

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