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Cash America Announces Intent to Acquire Ownership in 100 Pawn Locations in Mexico.

Publication: Business Wire
Publication Date: 29-SEP-08 		Format: Online
Delivery: Immediate Online Access

Article Excerpt
FORT WORTH, Texas -- Cash America International, Inc. (NYSE: CSH) announced today that it has entered into a letter of intent to acquire an 80% ownership interest in a 100 store chain of pawnshops in Mexico. The transaction would allow Cash America to acquire what is believed to be the second largest privately owned pawn chain in Mexico through a majority purchase of the parent company which owns and operates the business. The operations, which are based in Mexico City, have locations in 16 Mexican states in the central region of the country under the brand name of "Prenda Facil". The acquisition is expected to be completed late in the fourth quarter of 2008 following the satisfactory completion of formal documentation, licensing, due diligence, financing and other matters customary in such transactions.

The terms of the acquisition call for Cash America to own 80%...

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