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10/09/2012

Cash America to add 34 pawn shops with two acquisitions

Fort Worth-based Cash America International said today it agreed to buy 34 pawn shops in Tennessee, North Carolina, Kentucky and Arizona in two separate acquisitions, boosting its outstanding pawn loans by $11 million, or about 5 percent. The combined price is between $68 million and $72 million in cash, funded by long-term lines of credit. The company already has 82 locations in the states affected, and operates 1,086 total locations in the United States and Mexico offering pawn loans and other consumer loans.

-- Jim Fuquay

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