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FirstCash to Acquire H&T Group in £297 Million All-Cash Deal

The acquisition, offering a 44% premium to shareholders, positions FirstCash as the largest publicly traded pawn platform across the US, Latin America, and the UK.

Founded in 1897, the UK’s largest pawnbroker has more than 270 shops
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Fort Worth-based FirstCash operates 3,000 retail pawn stores across the U.S., Mexico and Latin America.
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Overview

  • H&T's board has unanimously agreed to recommend FirstCash's £297 million all-cash offer, valuing shares at 661p, including an 11p dividend.
  • The deal, pending UK regulatory approval, is expected to close in the second half of 2025, removing H&T from the London Stock Exchange.
  • FirstCash, with over 3,000 pawn locations globally, will add H&T's 285 UK stores, significantly expanding its international footprint.
  • The acquisition reflects broader trends of UK firms delisting from the London Stock Exchange, following recent exits like Darktrace and Flutter.
  • H&T, benefiting from rising gold prices and increased consumer demand, reported record profits and a pledge book of £127 million last year.