Rent-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