Aaron's Inc.NYSE
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  • Apr. 28, 2015, 6:36 PM
    • Aaron's (NYSE:AAN) has turned down several informal takeover approaches in the last 12 months from rent-to-own retail peer Rent-A-Center (NASDAQ:RCII), Reuters reports.
    • RCII's approach occurred earlier this year but apparently did not lead to serious discussions, as AAN is said to have resisted a deal because it favors its stand-alone prospects and does not view RCII's stock as a valuable acquisition currency.
    • The rent-to-own retail sector has suffered in recent years as low-income customers cut spending.
    | Apr. 28, 2015, 6:36 PM
  • Apr. 15, 2014, 9:13 AM
    • 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.
    | Apr. 15, 2014, 9:13 AM
  • Oct. 5, 2011, 11:20 AM

    Aaron's (AAN +2.7%) posts a gain after announcing it agreed to acquire a 11.5% stake in U.K-based Perfect Home for £10M ($15.3M).

    | Oct. 5, 2011, 11:20 AM