Why Rent-a-center Inc. Stock Popped Today

Shares of rent-to-own retailer Rent-A-Center Inc. (NASDAQ: RCII) soared on Monday after the company agreed to be acquired for $15 per share. This comes less than a week after Rent-A-Center received a lower buyout offer following the completion of its strategic review. The stock was up about 22.2% at 11:30 a.m.

 

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