Aaron's Inc.(AAN)- NYSE
  • 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
Company Description
Aaron's, Inc. retails consumer electronics, computers, residential furniture, household appliances, and accessories. It engages in the lease ownership, lease and retail sale of products such as widescreen and liquid crystal display televisions, computers, living room, dining room and bedroom... More
Sector: Services
Industry: Specialty Retail, Other
Country: United States