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Cash America considers spinning off online lending business

10
Apr
2014

(Reuters) – Payday lender Cash America International Inc said its board was reviewing a tax-free spinoff of its online lending business and other strategic alternatives. Any spinoff of the business, which consists of the company’s e-commerce unit Enova International Inc, will create a publicly-traded online lending company with about $766 million in revenue as of December 31, Cash America said in a statement.

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