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UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): March 16, 2005
Euronet Worldwide, Inc.
(Exact name of registrant as specified in its charter)
Delaware 0-22167 74-2806888
(State or other (Commission (I.R.S. Employer
jurisdiction of File Number) Identification No.)
incorporation)
4601 College Boulevard
Leawood, Kansas 66211
(Address of principal executive office)(Zip Code)
(913) 327-4200
(Registrant's telephone number, including area code)
Not Applicable
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions:
[ ] Written communications pursuant to Rule 425 under the Securities Act
(17 CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act
(17 CFR 240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange
Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange
Act (17 CFR 240.13e-4(c))
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Item 8.01 Other Events
On March 16, 2005, Euronet Worldwide, Inc. ("Euronet") acquired
substantially all of the assets of the Spanish prepaid wireless company
Telerecarga S.A. ("Telerecarga"), located in Madrid, Spain. The acquisition was
made pursuant to the terms of an Asset Purchase Agreement entered into on the
same date. The acquired assets consist principally of contract rights,
intellectual property, and goodwill. The purchase price was Euro 38 million with
Euro 23 million being paid at closing on March 16, 2005 through the assumption
of a like amount of liabilities of Telerecarga. Subject to fulfillment of
certain conditions that Euronet expects will be met, the remaining Euro 15
million will be payable on May 4, 2005 through the assumption of approximately
Euro 2.4 million in liabilities and a payment in cash of Euro 12.6 million. The
acquired business distributes prepaid wireless airtime and other prepaid
products through approximately 10,000 POS terminals in Spain. The purchase
agreement provides that the purchase of assets was effective as of 00:01 o'clock
on March 15, 2005. As part of the transaction, Euronet also obtained
non-competition agreements from Telerecarga and the sole shareholder of
Telerecarga. Neither Euronet nor any of its affiliates has any material
relationship with Telerecarga or any of its shareholders other than in respect
of the Asset Purchase Agreement and the transactions contemplated thereby.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this Report to be signed on its behalf by the
undersigned hereunto duly authorized.
EURONET WORLDWIDE, INC.
By: /s/ Jeffrey B. Newman
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Jeffrey B. Newman
Executive Vice President
Date: March 22, 2005