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Stock impact report

PROG Holdings Closes Purchasing Power Acquisition

PROG Holdings, Inc. (PRG) 
Company Research Source: Business Wire
SALT LAKE CITY--(BUSINESS WIRE)--PROG Holdings, Inc. (NYSE: PRG), the fintech holding company for Progressive Leasing, Four Technologies, and Build, today announced that it has completed its previously announced acquisition of Purchasing Power, a leading voluntary employee benefit program that enables workers to purchase brand-name products and services through automatic payroll deductions or allotments.“We are excited to officially welcome Purchasing Power to the PROG Holdings family,” said Steve Michaels, President and Chief Executive Officer. “This acquisition will strengthen our ability to reach consumers through an employer-based channel and supports our long-standing commitment to improve financial access and inclusion for our customers.”The acquisition expands the reach of PROG’s transparent and flexible payment solutions. Purchasing Power partners with many of the nation’s largest employers—providing more than 7 million employees access to responsible purchasing options an Show less Read more
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