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Monday, June 18, 2018

====Rent-A-Center (RCII) to be acquired by Vintage Capital for $15 per share



Rent-A-Center (RCII) has agreed to be taken private by Vintage Capital, a private and public equity firm, in a deal valued at about $1.365 billion. Vintage will pay $15 per share of the company, which operates in the rent-to-own industry. The deal is expected to close by year-end.

The $15 price is equal to a premium of 49% over Rent-A-Center's closing price on Oct. 30, 2017, prior to the announcement that its board was evaluating its strategic options. Shares have gained 8.4% in 2018, while the S&P 500 (SPX) has gained 3.9%.

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