dreamstime

Rent-A-Center Sold

Rental Company Goes Private

June 18, 2018 - 2:19 pm
Categories: 

NEW YORK (AP) — Rent-A-Center is being sold to a private equity firm for more than $800 million.

The chain, which leases household goods on a rent-to-own basis, got a second offer from Vintage Capital Management for $15 per share, a 25 percent premium to the company's closing price on Friday, and a dollar more per-share than Vintage bid the previous week.

The Plano, Texas company says it's accepted the second bid. The sale to Vintage is expected to close by the end of 2018.

    

    (Copyright 2018 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)