Advance America (AEA) Announces Completion of CompuCredit's Acquisition for $46.7 Million
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Advance America Inc. (NYSE: AEA) announced today that it has completed its previously disclosed purchase of substantially all of the assets of CompuCredit's retail storefront consumer finance business consisting of approximately 300 centers located in Alabama, Colorado, Kentucky, Ohio, Oklahoma, Mississippi, South Carolina, Tennessee, and Wisconsin.
The purchase price is approximately $46.7 million, comprised of the $45.6 million contract amount and a working capital adjustment of approximately $1.1 million, and is subject to possible post-closing adjustments and indemnities.
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The purchase price is approximately $46.7 million, comprised of the $45.6 million contract amount and a working capital adjustment of approximately $1.1 million, and is subject to possible post-closing adjustments and indemnities.
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