Vintage Capital to buy Rent-A-Center for $1.37 billion

Vintage Capital to buy Rent-A-Center for $1.37 billion

Rent-A-Center said on Monday it would be taken private by buyout firm Vintage Capital Management in a deal that values the rent-to-own furniture retailer at $1.37 billion, including net debt. Vintage offered $15 per Rent-A-Center share, matching the firm’s first proposal made in July last year. The latest offer represents a premium of 25 percent to the stock’s Friday close. The Plano, Texas-based company has been under pressure from activist investors Engaged Capital and Marcato…

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