All you need to know is this. Yesterday on the NASDAQ when this was announced EZCORP went up 5.44 %. Today on the ASX the company to be acquired goes up 3 %, Go figure. This tells you which companies shareholders are winning in this acquisition. In the end this just reflects on a management that we have at CCV. Appalling !. Once they have more than 50 %, why would they need to pay any further significant premium for the rest. A similar thing happened to Corporate express here in Australia, when taken over by NASDAQ listed Staples. I also would like to know where is this 30 % going to come from ?. Have had greater chance to read the report then my post from earlier and see that this gives CCIL 20 % of the combined US operations and EZ 50 % of CCIL UK and Australian operations. I would have thought with interest rates where they are in the two countries the opportunities in the US with rates at virtually 0%, is less than in Australia ( in terms of short term finance ). The other impact for shareholders here is obviously the dividend, CCV pays much more in dividends than EZCORP, this discrepancy cannot continue with increasing EZ holdings.
CCV Price at posting:
86.5¢ Sentiment: LT Buy Disclosure: Held
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