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Re: uranium-pinto-beans post# 330724

Tuesday, 12/18/2018 7:20:49 AM

Tuesday, December 18, 2018 7:20:49 AM

Post# of 363991
$RCII --->>

Rent-A-Center Inc. (RCII) on Tuesday said it terminated its roughly $800 million agreement to be acquired by Vintage Capital after the investment firm didn't extend the deal deadline.
Vintage in June agreed to take the Plano, Texas , rent-to-own company private for $15 a share in cash, or $801.3 million . Including debt, the deal was valued at about $1.37 billion .
However, the deal has been delayed by antitrust concerns raised by the Federal Trade Commission . Rent-A-Center said it didn't receive an extension notice for the deal from Vintage by Monday's deadline and said its board opted to scrap the buyout based on the company's current financial and operational performance.
Rent-A-Center said Vintage is obliged to pay a reverse breakup fee of $126.5 million within three business days.
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