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EZCORP to invest in Cash Converters

AP ONLINE
posted: 101 DAYS 12 HOURS AGO

AUSTIN, Texas (AP) — EZCORP Inc. said Tuesday it would pay $45 million to take a 30 percent equity stake in the Australian pawn shop operator Cash Converters International Ltd.

As part of the deal, Austin, Texas-based EZCORP will take two of five seats on the Cash Converters board.

Cash Converters is based in Perth, Australia.

Shares of EZCORP added 9 cents to $12.11 in morning trading.

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