Tuesday, December 18, 2018

Rent-A-Center calls it off

Chain Store Age
Rent-A-Center isn’t going private after all.

The company on Tuesday announced it has terminated a deal to be acquired by affiliates of Vintage Capital Management after the private equity firm didn’t extend the deal’s deadline. The agreement had allowed Rent-A-Center and Vintage Capital to extend the end date of the plan of the merger to March 17. Rent-A-Center also opted not to extend the end date. . . . more