Cash America Pays $103M For Texas Pawn Shop Chain

Law360, New York (August 14, 2013, 4:07 PM EDT) -- In a deal that significantly expands its operations in Texas, Cash America International Inc. has scooped up a chain of local Top Dollar Pawn-branded shops from TDP Superstores Corp. for $103 million, according to a Wednesday statement.

Per the deal, subsidiary Cash America Pawn LP will snap up 41 new pawn lending stores in Texas — bringing its total operations in the state to 298 locations, it said. The deal, which was first inked in a June definitive agreement, closed Aug. 8 and will be funded...
To view the full article, register now.