Rent-A-Center sues Vintage Capital right back

Jan. 09, 2019 1:21 PM ETUpbound Group, Inc. (UPBD)UPBDBy: Clark Schultz, SA News Editor
  • Rent-A-Center (RCII +0.5%) files a lawsuit against Vintage Capital in order to recover a $126.5M breakup attached to the merger deal.
  • The company says it's due the fee because Vintage didn't properly ask to extend its offer past the deadline that was set.
  • The legal action is a countersuit after Vintage sued Rent-A-Center last month for backing out of the deal.

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