Tuesday, October 31, 2017

Rent-A-Center to Explore Options

Image result for rent a centerRent-A-Center Inc., facing investor pressure as it struggles to revamp business, is suspending dividend payouts as it explores “strategic and financial alternatives”—often seen as a sign that a company may sell itself.

Engage Capital LLC, which had called for the company to sell itself, wasted no time in renewing its call for a sale asking management to “expeditiously begin the due diligence process with the numerous publicly reported strategic and financial buyers that have already provided indications of interest in acquiring Rent-A-Center, beginning with the opening $15 per share bid from Buddy’s/Vintage Capital.. . . more

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