DFC Global Corp., Berwyn-based the payday and pawnshop lender that used to go by the Dollar Financial moniker, agreed to be acquired by an affiliate of private-equity firm Lone Star Funds in a deal for about $1.3 billion. The transaction price includes the assumption of debt.
As part of the deal, the publicly-held DFC will become a privately held company. DFC stockholders will receive $9.50 in cash for each share they own, which represents a 5.8 percent premium to the company’s closing stock price on Tuesday.
The deal is scheduled to close in the third quarter and must receive regulatory stockholder approval. The company’s board has already signed off. Read more about this story on PBJ.com.
Breaking news and the stories that matter to your neighborhood.