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What Has Shares of Rent-A-Center Rebounding 13% Wednesday?

What happened?
After slumping 10% on Tuesday, shares of Rent-A-Center (NASDAQ: RCII), a rent-to-own leader retailing products such as consumer electronics, appliances, computers, and furniture, among others, have more than recovered Wednesday, with shares climbing 13% as of 4:00 p.m. EST. The driving force was from B. Riley Financial (NASDAQ: RILY) announcing its support for Vintage Capital -- let's cover what exactly happened in this six-month story.

So what
The story begins with the announcement on June 18, 2018, that Vintage Capital would acquire all of Rent-A-Center common stock for $15.00 per share in cash. At the time, the move was unanimously supported by the Rent-A-Center Board as it offered investors an immediate premium of roughly 50%.

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https://finance.yahoo.com/news/shares-re...00004.html

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