Cash Converters News

Cash Converters completes acquisitions
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August 28th, 2006
Cash Converters announced that following completion of due diligence enquiries, the acquisition contracts for Mon-E Pty Ltd and Safrock have now been executed. The Safrock acquisition purchase price has been reduced from $17.5m to $14.1m but with the vendors having the opportunity to earn an additional $3.4m by way of a performance bonus. No changes have been made to the Mon-E Pty acquisition. The company has agreed to pay a price of $15m for Mon-e, payable as to 30% in cash and 70% in shares.

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