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Provider: Wright Reports
Provider: New Constructs, LLC

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Rent-A-Center Inc Completes Accelerated Stock Buyback

Thursday, 24 Oct 2013 04:47pm EDT 

Rent-A-Center, Inc (the Company) announced that it has completed its $200 million accelerated stock buyback program, which was previously announced on May 2, 2013. Under the terms of the accelerated stock buyback agreement, Goldman, Sachs & Co. will have delivered a total of 5,409,339 shares to the Company at an average price of $36.97 per share, representing approximately 9.4% of the total shares outstanding when the program commenced. The accelerated stock buyback program was completed under the Company's previously authorized $1.25 billion common stock repurchase plan. The Company has $255.2 million remaining on this authorization. 

Company Quote

1.15 +4.37%
28 Jul 2015