Rent-A-Center rejects $800M takeover offer from Vintage
July 12, 2017
Internet Retail | Plano, TX
Rent-A-Center has rejected Vintage Capital Management's unsolicited take-private offer of $15 per share, per an SEC filing. Rent-A-Center's board found Vintage’s proposal "inadequate and opportunistic." The company plans to focus on strengthening its core US business, as well as leverage its technology investments to expand distribution channels and integrate retail and online offerings. Shares of Rent-A-Center (NASDAQ: RCII) gained 9% Tuesday.