April 2 DFC Global Corp, a pawn shop
chain and payday lender, said it would sell itself to private
equity firm Lone Star Funds for about $376 million.
DFC Global stockholders will receive $9.50 per share in
cash, representing a premium of about 6 percent to the stock's
DFC Global shares were trading at $9.67 before the bell on
Wednesday, above the offer price.
Including debt, the deal is valued at $1.3 billion, DFC
Global said in a statement.
DFC Global will become a privately held company after the
closing of the deal, expected in the third quarter.
Houlihan Lokey Capital was financial adviser to DFC Global,
while Jefferies LLC and Credit Suisse Securities advised Lone
(Reporting By Neha Dimri in Bangalore; Editing by Saumyadeb