Cash Converters News

Cash Converters 'executes contracts' on buys of Mon-E and Safrock
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August 23rd, 2006
Cash Converters Intl Ltd said that, following completion of due diligence, the acquisition contracts for Mon-E Pty Ltd and the Safrock Group of companies have now been executed. It added the Safrock acquisition arrangements have been amended so that the purchase price has been reduced from 17.5 mln usd to 14.1 mln, but with the vendors having the opportunity to earn an additional 3.4 mln by way of a performance bonus.

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