BERWYN, Pa. (AP) -- A private equity firm will spend about $337 million to take the payday lender DFC Global off the publicly traded market.
The companies value the total deal at about $1.3 billion, when debt is included.
DFC Global Corp., based in Berwyn, Pa., operates Money Mart, The Check Cashing Store and other stores and websites around the world.
DFC investors will receive $9.50 for each share they own, almost a 6% premium to Tuesday's closing price of $8.98. The company has about 38.6 million shares outstanding.
The deal is expected to close in the third quarter of 2014.
Shares rose 7% to $9.60 before the market opened Wednesday.
