Rent-A-Center stock surges 20.5% premarket
Rent-A-Center stock surges 20.5% premarket
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Rent-A-Center stock surges 20.5% premarket
Rent-A-Center Inc. said Monday it has agreed to be taken private by Vintage Capital, a private and public equity firm, in a deal valued at about $1.365 billion. Vintage will pay $15 per share of the company, which operates in the rent-to-own industry. The deal is expected to close by year-end. The $15 price is equal to a premium of 49% over Rent-A-Center's closing price on Oct. 30, 2017, prior to the announcement that its board was evaluating its strategic options. Shares were halted premarket for the news, but have gained 8.4% in 2018, while the S&P 500 has gained 3.9%.
Rent-A-Center deal expected to close by year end
Rent-A-Center to be taken private for $15 a share
Rent-A-Center to be acquired by Vintage Capital in deal valued at about $1.365 bln
Rent-A-Center shares halted for news pending
Rent-A-Center stock price target raised to $12 from $9 at Stifel Nicolaus
The activist wants the company to deepen, rather than broaden, the offerings for its 3.4 million subscribers
Rent-A-Center (RCII) could be an interesting play for investors as it is seeing solid earnings estimate revision in addition to having a robust industry rank.
Rent-A-Center (RCII) receives a $14 per share buyout proposal from Vintage Capital. Further, the company's financial plans reflect strength.
Investors in Rent-A-Center (RCII) need to pay close attention to the stock based on moves in the options market lately.
Rent-A-Center to review Vintage Capital proposal
Rent-A-Center (RCII) was a big mover last session, as the company saw its shares rise nearly 8% on the day.
Rent-A-Center Isn't Selling, But Softens Blow With Bullish Guidance
Premarket Gainers as of 9:05 am (06/11/2018)
Following a detailed review of various alternatives, Rent-A-Center (RCII) decides to stick to its previously unveiled strategic plan. The company issues Q2 and 2018 outlook.
Rent-A-Center receives increased offer from bidder
Duluth Holdings' (DLTH) Q1 results to gain from solid sales, backed by store additions and robust e-commerce. However, rising SG&A expenses are a concern.
Tracking Allan Mecham's Arlington Value Capital Portfolio - Q1 2018 Update
Rent-A-Center's 9.6% Yielding Bonds Offer Great Fixed Income Opportunity
Rent-A-Center (RCII) Q1 2018 Results - Earnings Call Transcript
Rent-A-Center (RCII) needs investors to pay close attention to the stock based on moves in the options market lately.
Certainly, Rent-A-Center (RCII) is going through a rough phase and has announced strategic measures to bring itself back on growth trajectory.
Rent-A-Center to be Acquired by Vintage Capital for $15.00 Per Share in Cash
Rent-A-Center Reviewing Proposal from Vintage Capital
Rent-A-Center Concludes Review of Strategic and Financial Alternatives, Announces New 2018 Guidance Based on Materially Improved Financial Performance and Provides Business Updates
Market Trends Toward New Normal in Church & Dwight Co., Rent-A-Center, Teradata, Catabasis Pharmaceuticals, Tronox, and Callaway Golf -- Emerging Consolidated Expectations, Analyst Ratings
Rent-A-Center, Inc. Reports First Quarter 2018 Results
Rent-A-Center Provides First Quarter 2018 Business Updates
Stock Review for Rental & Leasing Services Investors -- Avis Budget, Hertz Global, Rent-A-Center, and United Rentals
Rent-A-Center, Inc. engages in leasing household durable goods to customers on a rent-to-own basis. The company provides the customers the ownership of products, such as consumer electronics, appliances, computers, furniture and accessories, under rental purchase agreements with no long-term obligation. Its stores offer durable products such as major consumer electronics, appliances, computers, and furniture and accessories under flexible rental purchase agreements that typically allow the customer to obtain ownership of the merchandise at the conclusion of an agreed-upon rental period. The company operates its business through the following segments: Core U.S., Acceptance Now, Mexico and Franchising. The Core U.S. segment consists of company-owned rent-to-own stores in the United States, Canada and Puerto Rico that lease household durable goods to customers on a rent-to-own basis. The Acceptance Now segment offers the rent-to-own transaction to consumers who do not qualify for financing from the traditional retailer through kiosks located within such retailer's locations. The Mexico segment consists of its company-owned rent-to-own stores in Mexico that lease household durable goods to customers on a rent-to-own basis. The Franchising segment use Rent-A-Center's, ColorTyme's and RimTyme's trade names, service marks, trademarks and logos, and operate under distinctive operating procedures and standards. Rent-A-Center was founded by Mark E. Speese on September 16, 1986 and is headquartered in Plano, TX. (See Full Profile)
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