ENCORE CAPITAL GROUP, INC. (NASDAQ:ECPG) Files An 8-K Other EventsItem 8.01Other Events.
On August 24, 2017, Encore Capital Group, Inc. issued a press release announcing that its subsidiary, Cabot Credit Management Limited, had entered into an agreement to acquire Wescot Credit Services Limited. A copy of the press release is attached as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated by reference herein.
Item 9.01Financial Statements and Exhibits.
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Exhibit Number |
Description |
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99.1 |
Press release dated August 24, 2017 |
ENCORE CAPITAL GROUP INC ExhibitEX-99 2 whistleuspressrelease_fina.htm EXHIBIT 99 Exhibit Encore Capital Group Announces Expansion in the U.K. through Acquisition of Wescot by Cabot Credit ManagementAcquisition to Further Strengthen Encore Leadership in U.K. MarketSAN DIEGO — August 24,…To view the full exhibit click here
About ENCORE CAPITAL GROUP, INC. (NASDAQ:ECPG)
Encore Capital Group, Inc., through its subsidiaries, is a specialty finance company providing debt recovery solutions for consumers and property owners across a range of financial assets. The Company operates through two segments: Portfolio Purchasing and Recovery, and Tax Lien Business. Its portfolio purchasing and recovery segment purchases portfolios of defaulted consumer receivables at discounts and manages them by partnering with individuals as they repay their obligations and work toward financial recovery. Defaulted receivables are consumers’ unpaid financial commitments to credit originators, including banks, credit unions, consumer finance companies, commercial retailers, and telecommunication companies. Defaulted receivables also include receivables subject to bankruptcy proceedings. In addition, the Company assists property owners delinquenting on their property taxes by structuring monthly payment plans and purchases delinquent tax liens directly from taxing authorities.