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Rent-A-Center Inc (RCII.OQ)

RCII.OQ on NASDAQ Stock Exchange Global Select Market

8.23USD
21 Feb 2017
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$0.03 (+0.37%)
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Tue, Feb 14 2017

Engaged Capital urges Rent-A-Center to explore sale

Activist investment fund Engaged Capital LLC urged the board of furniture retailer Rent-A-Center Inc to start evaluating strategic alternatives, including a sale.

UPDATE 2-Engaged Capital urges Rent-A-Center to explore sale

Feb 14 Activist investment fund Engaged Capital LLC urged the board of furniture retailer Rent-A-Center Inc to start evaluating strategic alternatives, including a sale.

Engaged Capital pushes Rent-A-Center board to sell itself

Feb 14 Activist investment fund Engaged Capital LLC sent a letter to the board of Rent-A-Center Inc asking them to start evaluating strategic alternatives, including a potential sale of the company.

BRIEF-Engaged Capital calls on board of Rent-A-Center Inc to immediately begin strategic alternatives process

* Engaged Capital calls on the board of Rent-A-Center Inc to immediately begin a strategic alternatives process

BRIEF-Rent-A-Center Q4 loss per share $0.23

* Rent-A-Center, Inc. reports fourth quarter and year end 2016 results

BRIEF-Engaged Capital Llc purchased Rent-A-Center shares

* Engaged Capital Llc - purchased rent-a-center shares based on belief that the shares, when purchased, were undervalued

BRIEF-Classic Fund Management Aktiengesellschaft reports a 5.97 pct passive stake in Rent-A-Center Inc as of Dec 31, 2016

* Classic Fund Management Aktiengesellschaft reports a 5.97 percent passive stake in Rent-A-Center Inc as of Dec 31, 2016 - SEC filing Source text: (http://bit.ly/2iVDCdx) Further company coverage:

BRIEF-Rent-A-Center Inc sees core U.S. Same store sales for three months ended Dec. 31, 2016 to be down about 14%

* Rent-A-Center, inc. Announces selected preliminary fourth quarter 2016 financial information

BRIEF-Rent-A-Center names Mark Speese as interim CEO

* Announced resignation of Robert D. Davis as chief executive officer and director effective immediately

BRIEF-Rent-A-Center reports Q3 earnings per share of $0.12

* Q3 revenue $693.9 million versus i/b/e/s view $701.3 million

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