Why Rent-A-Center Stock Jumped 19.5% in April [The Motley Fool]
Rent-A-Center Inc. (RCII)
Last rent-a-center inc. earnings: 2/24 05:12 pm
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investor.rentacenter.com
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Source: The Motley Fool
Why Rent-A-Center Stock Jumped 19.5% in April With its terminated merger finally in the rearview mirror, the rent-to-own industry leader looks forward to the road ahead. Shares of Rent-A-Center ( NASDAQ:RCII ) climbed 19.5% in February, according to data from S&P Global Market Intelligence , after the rent-to-own operator secured a favorable settlement related to last year's terminated merger with private equity firm Vintage Capital Management. To be sure, Rent-A-Center soared as much as 11% on April 22, 2018 alone after the company revealed it had agreed to settle all litigation with Vintage Capital in exchange for a payment of $92.5 million in cash. The final deal helped extend Rent-A-Center's 12% pop in the month of March , which came after a Delaware court ruled that Rent-A-Center was well within its rights to call off the $1.36 billion merger. At that time, however, it was unclear how much of a previously agreed $126.5 million merger termination fee Vintage would ultimately pay
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