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Euronet Worldwide Inc to acquire HiFX

Monday, 10 Mar 2014 06:00pm EDT 

Euronet Worldwide Inc:Enters into an agreement to acquire HiFX, a provider of online initiated international payments and foreign exchange services, for 145 million pounds or about $242 million.Says 25 percent of the purchase price will be paid in shares of Euronet stock and the balance in cash.Says its existing revolving credit facility will be used to fund a portion of the cash consideration.Expects acquisition, to close in the second quarter. 

Company Quote

0.92 +1.23%
3:04pm EDT