News: Aaron's Inc (AAN)

AAN on New York Consolidated

25.62USD
28 Aug 2014
Price Change (% chg)

$0.06 (+0.24%)
Prev Close
$25.58
Open
--
Day's High
--
Day's Low
--
Volume
210,393
Avg. Vol
743,591
52-wk High
$36.74
52-wk Low
$24.75

Search Stocks
Select another date:

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")

Select another date:
Search Stocks