Tuesday, February 12, 2019

Vantage Capital exec calls Rent-A-Center management 'a bunch of crooks' in civil trial over failed merger

The Dallas Morning News
Vintage Capital partner Brian Kahn while on the stand during a trial in Delaware on Monday said the directors and top management at Rent-A-Center are "a bunch of crooks."

Rent-A-Center terminated its merger agreement with Vintage, valued at $1.4 billion with the assumption of debt, in December surprising Vintage officials who said both sides had agreed that government antitrust review would push the closing into 2019. Rent-A-Center has said that it terminated after a Dec. 17 deadline for a letter to extend the merger agreement wasn't presented by Vintage. . . . more