British pawnbroker Ramsdens agrees to a £206 million takeover by a rival US pawnbroker, according to reports. The deal covers Ramsdens’ 174 stores and would bring the business under new US ownership, the companies state. The buyer says the acquisition is intended to support its expansion in the UK, adding Ramsdens’ store network to its operations. As part of the transaction, Ramsdens is expected to leave the Alternative Investment Market (AIM), moving off the market where its shares are currently traded. Once completed, the takeover would change the company’s ownership structure and control from its existing UK setup to the acquiring US firm. The reports describe the agreement at the headline value of £206m but do not detail other terms in the provided excerpts. Overall, the coverage focuses on the price, the scale of the store portfolio involved, and the implications for Ramsdens’ listing status.
Ramsdens to be acquired by US pawnbroker in £206m deal
British pawnbroker Ramsdens agrees to a £206 million takeover by a rival US pawnbroker, according to reports. The deal covers Ramsdens’ 174 stores and would bring the business under new US ownership,...
- Ramsdens agrees to be acquired for £206 million by a US pawnbroker.
- The deal involves Ramsdens’ 174 stores.
- The US buyer says the acquisition will support its UK expansion.
- Ramsdens is expected to be taken off the Alternative Investment Market (AIM).
- After the takeover, Ramsdens will be under new US ownership.
The US firm stated that acquiring Ramsdens' 174 stores will bolster its UK expansion
20 hours agoThe deal means that the firm will be taken off the Alternative Investment Market (AIM) and into new US ownership.
21 hours ago
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