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[Pawnbroking.]
Shares soar at Ramsdens amid £206m takeover deal by US rival
After less than 10 years since flotation Ramsdens has added stores to the UK high street
➤ Ramsdens' shares surged over 30% following the announcement of a £206 million takeover deal by US rival FirstCash. ➤ The acquisition, which takes Ramsdens off the AIM market, is driven by FirstCash's strategy to expand its UK pawnbroking operations, leveraging Ramsdens' established network and diversified business streams including precious metals. ➤ The deal offers shareholders a 35% premium, with Ramsdens' CEO highlighting the company's growth since its IPO and FirstCash's confidence in its future outlook, partly supported by the rising gold price.
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