News: Aaron's Inc (AAN)

AAN on New York Consolidated

29.08USD
23 Jul 2014
Price Change (% chg)

$0.27 (+0.94%)
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$28.81
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Tue, Apr 15 2014

Deals of the day- Mergers and acquisitions

(Adds Twitter, Mosaic, Cargill, Archer Daniels, Campari, Updates Eurobank, Sinopec, Motorola, United Spirits, Aaron's, Riverbed)

Furniture-rental Aaron's snubs takeover offer, buys financing firm

- Aaron's Inc , a rent-to-own furniture and electronics retailer, rejected a $2.3 billion takeover offer from a major shareholder and instead bought a web-based retail credit financing firm for about $700 million to provide customers with easier payment terms.

UPDATE 2-Furniture-rental Aaron's snubs takeover offer, buys financing firm

* Shares fall as much as 8 pct (Adds background, CEO and analyst comment, first-quarter earnings estimate; updates share price)

CORRECTED-UPDATE 1-Aaron's rejects shareholder buyout offer, acquires retail credit firm for $700 mln

(Corrects paragraph 7 to say Aaron's revenue, not earnings, outlook was cut to $587.5 million)

CORRECTED-Aaron's acquires Progressive Finance Holdings for $700 mln

(Corrects first paragraph to say "Aaron's said it bought Progressive Finance Holdings", not "will buy")

Vintage Capital offers to buy Aaron's Inc in $2.3 billion deal

- Aaron's Inc shareholder Vintage Capital Management said it offered to acquire the electronics and furniture rental chain in a deal valued at about $2.3 billion, its fourth attempt to buy the company in three years.

UPDATE 1-Vintage Capital offers to buy Aaron's Inc in $2.3 bln deal

Feb 7 - Aaron's Inc shareholder Vintage Capital Management said it offered to acquire the electronics and furniture rental chain in a deal valued at about $2.3 billion, its fourth attempt to buy the company in three years.

Vintage Capital offers to acquire Aaron's Inc in a $2.3 bln deal

Feb 7 - Vintage Capital Management, the largest shareholder of Aaron's Inc, said it offered to acquire the company in a deal valued at about $2.3 billion, in its fourth attempt to buy the consumer electronics and furniture rental chain since 2011.

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