FirstCash Holdings (FCFS) said Wednesday it has agreed on terms to acquire H&T Group, a pawnshop operator in the UK, for 297 million British pounds ($394 million).
Under the terms of the deal, FirstCash's UK subsidiary will pay 6.50 pounds per H&T share as well as a final dividend of 0.11 pound per share on June 27, the company said.
FirstCash said it expects the deal to close in H2, subject to regulatory approvals, and to be "meaningfully" accretive to EPS.
The acquisition expands FirstCash's geographic footprint beyond the US and Latin America, the company said.
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