Flurry of action with Aaron's

|About: Aaron's Inc. (AAN)|By:, SA News Editor

Aaron's (AAN) acquires Progressive Finance in an all-cash deal for $700M.

The purchase of the merchandise lease-to-own concern will be "double digit" accretive to EPS this year and even more accretive in 2015, according to Aaron's.

The company is also out with announcement that its board has determined that the standing offer from Vintage Capital Management at $30.50 per share isn't in its best interest.

AAN -5.2% premarket as a drop in Q1 revenue and EPS guidance factors in along with the buyout developments.