Credit Services & Lending M&A » By The Online Investor Staff, updated Thu., Apr. 18, 10:10 AM
Recent mergers and acquisitions in the Credit Services & Lending M&A category.
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Slide #34. First Cash Financial Services, Inc. — 12-Store Chain of U.S. Pawn Stores
Acquirer:
First Cash Financial Services, Inc. (NASDAQ:FCFS)
Acquiree:
12-Store Chain of U.S. Pawn Stores
Details:
First Cash Financial Services, Inc. (Nasdaq:FCFS) today 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.
FirstCash Holdings is an operator of pawn stores as well as is a provider of retail point-of-sale (POS) payment solutions focused on serving credit-constrained consumers. Co. operates two business lines: pawn operations, which include pawn merchandise sales that are retail sales to the general public from its pawn store locations, and pawn lending activities that make pawn loans to their customers; and retail POS payment solutions, which provide the retail POS payment options of its subsidiary, American First Finance, including an lease-to-own product, a merchant-based retail installment sales agreement or a bank-originated installment loan, to facilitate payments on such transactions.
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Avg. Broker Rec.
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Buy (3.00 out of 4) 100th percentile
(ranked higher than approx. 100% of all stocks covered)
Analysts' Target Price: FCFS Stock Forecast Based on Zacks ABR data; powered by Xignite |
