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Stock impact report

PROG Holdings to Acquire Purchasing Power

PROG Holdings, Inc. (PRG) 
Company Research Source: Business Wire
Expands PROG Holdings’ growing ecosystem through a new, scalable customer acquisition channel that complements its existing payment solutionsCreates access to an employee-focused consumer base with limited overlap across existing PROG customers, enabling substantial expansion of current and new offeringsGenerates new employer-client and partner opportunitiesAdvances PROG Holdings’ long-term growth strategy to provide transparent and inclusive payment options to near- and below-prime consumers SALT LAKE CITY--(BUSINESS WIRE)--PROG Holdings, Inc. (NYSE:PRG), the fintech holding company for Progressive Leasing, Four Technologies, and Build, today announced it has reached an agreement to acquire Purchasing Power, a leading voluntary employee benefit program provider allowing employees to purchase brand-name products and services through either automatic payroll deductions or allotments.Purchasing Power successfully partners with some of America’s largest employers across more than 25 i Show less Read more
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