{"id":645435,"date":"2013-03-06T08:32:58","date_gmt":"2013-03-06T13:32:58","guid":{"rendered":"https:\/\/www.pehub.com\/?p=189623"},"modified":"2013-03-06T08:32:58","modified_gmt":"2013-03-06T13:32:58","slug":"reuters-encore-capital-to-buy-asset-acceptance-capital-for-200m","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/645435","title":{"rendered":"Reuters \u2013 Encore Capital to Buy Asset Acceptance Capital for $200M"},"content":{"rendered":"

Debt collector Encore Capital Group Inc.<\/strong> has agreed to buy Asset Acceptance Capital Corp.<\/strong> for $200 million to strengthen its position in a highly fragmented industry, Reuters <\/em>reported. Encore’s offer of $6.50 per share represents a premium of 13 percent to Asset Acceptance’s Tuesday closing price. Warren, Michigan-based Asset Acceptance buys individual consumer accounts, including credit card, telecommunications, and consumer loans.<\/p>\n

(Reuters<\/em>) – Debt collector Encore Capital Group Inc (ECPG.O) has agreed to buy Asset Acceptance Capital Corp (AACC.O) for $200 million to strengthen its position in a highly fragmented industry.<\/p>\n

Encore’s offer of $6.50 per share represents a premium of 13 percent to Asset Acceptance’s Tuesday closing price.<\/p>\n

Warren, Michigan-based Asset Acceptance buys individual consumer accounts, including credit card, telecommunications, and consumer loans.<\/p>\n

Its shareholders will have the option to receive their consideration in cash or Encore stock or a combination of both.<\/p>\n

Encore bought Propel Financial, a tax lien company, for $187 million in May last year.<\/p>\n

Encore shares closed at $30.07 on Tuesday on the Nasdaq.<\/p>\n

(Reporting by Ashutosh Pandey in Bangalore; Editing by Saumyadeb Chakrabarty)<\/p>\n

The post Reuters – Encore Capital to Buy Asset Acceptance Capital for $200M<\/a> appeared first on peHUB<\/a>.<\/p>\n

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Debt collector Encore Capital Group Inc. has agreed to buy Asset Acceptance Capital Corp. for $200 million to strengthen its position in a highly fragmented industry, Reuters reported. Encore’s offer of $6.50 per share represents a premium of 13 percent to Asset Acceptance’s Tuesday closing price. Warren, Michigan-based Asset Acceptance buys individual consumer accounts, including […]<\/p>\n","protected":false},"author":7427,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-645435","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/645435","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/users\/7427"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=645435"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/645435\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=645435"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=645435"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=645435"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}