July 6, 2017 / 8:07 PM / in 18 days

BRIEF-DGSE Companies announces letter of intent for accretive acquisition of pawn businesses

2 Min Read

July 6 (Reuters) - DGSE Companies Inc:

* DGSE Companies, Inc announces letter of intent for accretive acquisition of pawn businesses

* DGSE companies, inc. announces letter of intent for accretive acquisition of pawn businesses

* DGSE companies inc says DGSE expects acquisition to bring promising revenue and earnings accretion to shareholders going forward

* DGSE companies inc - has entered into a non-binding letter of intent to acquire equity interests in national pawn, inc. And its related affiliates

* DGSE companies inc - DGSE's board of directors' approval is required in order to enter into such definitive agreement

* DGSE expects to post a profit in q2 of 2017 and "show continued operational improvement"

* DGSE companies inc - DGSE anticipates divesting its wholesale division fairchild international and associated website in near term

* DGSE companies inc - company seeks to streamline its operations, focusing its fine-watch marketing and business in retail sector Source text for Eikon: Further company coverage:

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