Wednesday, September 19, 2018

Rent-A-Center shareholders approve sale, but FTC antitrust review means it may have to sell stores

The Dallas Morning News
Rent-A-Center shareholders voted on Tuesday to approve the sale of the Plano-based company to Florida-based Vintage Capital Management, but the deal is still undergoing antitrust review.

The rent-to-own retailer's board in June approved the sale valued at $1.365 billion including debt, or $15 a share to Vintage, which is the controlling shareholder of Buddy's Home Furnishings, a competitor of Rent-A--Center. . . . more