Jose
2012-04-24 21:30:37 UTC
Forbes -
Mexican billionaire Ricardo Salinas Pliego is opening for business in
the U.S.: his Grupo Elektra announced Monday morning its successful
purchase of Advance America–the largest payday lender in the U.S.
Stockholders approved the $780 million purchase price Grupo Elektra
offered in February, a figure that includes all outstanding shares of
the American firm and repayment of the company’s debt. There will be
no immediate changes to the American firm’s operations, and CEO
Patrick O’Shaugnessey has agreed to stay on board, says Elektra
spokesman Daniel McCosh
http://www.google.com/url?sa=t&rct=j&q=&esrc=s&frm=1&source=newssearch&cd=29&ved=0CEwQqQIwCDgU&url=http%3A%2F%2Fwww.forbes.com%2Fsites%2Ferincarlyle%2F2012%2F04%2F23%2Fmexican-billionaire-buys-advance-america-largest-payday-lender-in-u-s%2F&ei=whqXT_z_GqyK2QXc-ciBDg&usg=AFQjCNEs0tTtQzja-0l69xtps5iHa2B8ig
Mexican billionaire Ricardo Salinas Pliego is opening for business in
the U.S.: his Grupo Elektra announced Monday morning its successful
purchase of Advance America–the largest payday lender in the U.S.
Stockholders approved the $780 million purchase price Grupo Elektra
offered in February, a figure that includes all outstanding shares of
the American firm and repayment of the company’s debt. There will be
no immediate changes to the American firm’s operations, and CEO
Patrick O’Shaugnessey has agreed to stay on board, says Elektra
spokesman Daniel McCosh
http://www.google.com/url?sa=t&rct=j&q=&esrc=s&frm=1&source=newssearch&cd=29&ved=0CEwQqQIwCDgU&url=http%3A%2F%2Fwww.forbes.com%2Fsites%2Ferincarlyle%2F2012%2F04%2F23%2Fmexican-billionaire-buys-advance-america-largest-payday-lender-in-u-s%2F&ei=whqXT_z_GqyK2QXc-ciBDg&usg=AFQjCNEs0tTtQzja-0l69xtps5iHa2B8ig