- Aaron's (NYSE:AAN) announces that it plans to split into two independent, publicly-traded companies in a tax-free spin-off to shareholders.
- Progressive Leasing ($2.2B in annual revenue) and the Aaron's Business ($1.8B) are expected to benefit from improved strategic focus, market-leading positions, strong free cash flow generation and well-capitalized balance sheets.
- The separation is expected to be completed before the end of the year.
- A conference call is planned for 8:30 a.m.
- AAN +1.84% premarket to $46.00.
- Q2 earnings were reported earlier.
- Source: Press Release
Aaron's +2% after announcing business separation
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About AAN Stock
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Symbol | Last Price | % Chg |
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AAN | - | - |
The Aaron's Company, Inc. |