As part of the agreement, DirectCash Payments will pay USD 1.27 per share in cash for the company. The transaction, which has been approved by the DirectCash board, will add about USD 129 million in revenue to the company’s balance sheet.
Currently, DirectCash has about 7,900 ATM’s in Canada and other countries, but once the acquisition is completed, the number will increase to almost 14,200. The transaction is expected to complete by Q3 2012. DirectCash has operations in Canada, Australia, New Zealand, Mexico, the UK and the US.
Every day we send out a free e-mail with the most important headlines of the last 24 hours.
Subscribe now