(Corrects first paragraph to say "Aaron's said it bought
Progressive Finance Holdings", not "will buy")
April 15 Aaron's Inc, a rent-to-own
furniture and electronics retailer, said it bought Progressive
Finance Holdings LLC from private equity firm Summit Partners
for about $700 million in cash.
Aaron's said it expects the deal to add to its cash earnings
per share from 2014.
Progressive provides web-based lease-to-own financing
programs for retailers. The company services more than 5,500
retailers in the United States.
(Reporting by Shailaja Sharma in Bangalore; Editing by Joyjeet