AcquisitionsJul 16, 2026, 07:06 AM
FirstCash Revises Ramsdens Acquisition Offer to 684p/Share
AI Summary
FirstCash Holdings, Inc., through its subsidiary Chess Bidco Limited, announced a revised recommended cash offer to acquire Ramsdens Holdings PLC. The new offer is 684 pence per share, an increase from the original offer of 609 pence per share. This revised offer totals approximately 229 million sterling pounds, an increase of 26 million sterling pounds, and is expected to close in the second half of 2026, subject to shareholder and regulatory approvals.
Key Highlights
- Revised cash offer for Ramsdens shares is 684 pence per share.
- Original cash offer was 609 pence per share.
- Revised offer includes 675 pence from Bidco and 9 pence in permitted dividends.
- Aggregate consideration for Ramsdens shareholders is approximately 229 million sterling pounds.
- This represents an increase of approximately 26 million sterling pounds over the initial offer.
- Acquisition is expected to be completed in the second half of 2026.
Price Impact
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