Persistently guided by our value approach, we seek to invest in companies in which the transaction or the resulting application of our broad expertise can unlock substantial value rapidly. 0001144204-19-014980.txt : 20190320 0001144204-19-014980.hdr.sgml : 20190320 20190320060241 accession number: 0001144204-19-014980 conformed submission type: sc 13d/a public document count: 1 filed as of date: 20190320 date as of change: 20190320 group members: brian r. kahn group members: kahn capital management, llc subject company: company data: company conformed name: rent a center … PLANO, Texas--(BUSINESS WIRE)--Apr. Vintage Capital is a value-oriented, operations-focused, private and public equity investor specializing in the consumer, aerospace and defense, and manufacturing sectors. … Rent-A-Center hasn't cut ties with Vintage Capital Management just yet. Subsequently, on December 21, 2018, Vintage Capital initiated legal proceedings against Rent-A-Center in the Court of Chancery to enforce the Merger Agreement, and Rent-A-Center counterclaimed for a declaration that it validly terminated the Merger Agreement and is entitled to payment of the termination fee from Vintage Capital and B. Riley Financial. Rent-A-Center announced it has reached a settlement agreement with Vintage Capital Management and its financial partner B. Riley Financial over the breakup of their merger agreement last year.. "Rent-a-Center/Vintage Capital." Orlando hedge fund Vintage Capital Management has reached a deal Monday to purchase the Rent-A-Center chain for $1.365 billion, the companies announced. Rent-A-Center to Receive Payment of $92,500,000 in Settlement of all Litigation relating to its Termination of the Merger Agreement with Vintage Capital PLANO, Texas --(BUSINESS WIRE)--Apr. Rent-A-Center, Inc., a leader in the rent-to-own industry, announced that it has entered into a definitive agreement with Vintage Rodeo Parent, LLC, an affiliate of Vintage Capital Management, LLC, pursuant to which Vintage will acquire all of the outstanding shares of Rent-A-Center common stock for $15.00 per share in cash. Vintage Capital made a new, but lowered $693 million offer to buy Rent-A-Center in November after the rent-to-own furniture retailer said it was exploring strategic options. Rent-A-Center has agreed to be acquired by Vintage Rodeo Parent LLC, an affiliate of Vintage Capital Management LLC, for $15 per share. The court has requested that Rent-A-Center, B. Riley Financial and Orlando, Fla.-based Vintage Capital Management, submit briefs on the ruling, … The rent-to-own retailer in June forged a deal with Vintage Capital to acquire it for about $1.37 billion including net debt. Vintage Capital offered to buyout Rent-A-Center Inc. for $15 per share in cash. About Vintage Capital Management . No. Rent-A-Center Inc. doesn't have to complete a $1.37 billion buyout by Vintage Capital Management LLC after a judge found the home-furnishings retailer properly canceled the deal over a … June 25, 2018 11:33 ET | … Vintage only own 5.9% of the equity and needs $1.3 billion to buyout the company Vintage intends to pursue all available remedies against Rent-A-Center. Rent-A-Center Inc. doesn’t have to complete a $1.37 billion buyout by Vintage Capital Management LLC after a judge found the home-furnishings retailer properly canceled the deal over a … Guggenheim Provides Committed Financing to Support the Acquisition of Rent-A-Center by Vintage Capital. Mar. Rent-A-Center to Receive Payment of $92,500,000 in Settlement of all Litigation relating to its Termination of the Merger Agreement with Vintage Capital. Rent-A-Center stock is trading higher, after the company confirmed that Vintage Capital Management proposed to buy it for $13 per share.

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