Author Topic: RCII - Rent-A-Center  (Read 14544 times)

Foreign Tuffett

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Re: RCII - Rent-A-Center
« Reply #80 on: June 13, 2018, 07:01:55 AM »
Any informed thoughts on whether a deal with Vintage gets signed? Also, what could be Vintage's rationale for such an aggressive deadline ("Our offer will remain open and capable of acceptance until 5:00 p.m., Eastern time, on Friday, June 15, 2018")? Presumably they want shareholders to pressure RCII's, but why give a deadline only a few days away from the initial filing?


LowIQinvestor

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Re: RCII - Rent-A-Center
« Reply #81 on: June 13, 2018, 07:46:09 AM »
Any informed thoughts on whether a deal with Vintage gets signed? Also, what could be Vintage's rationale for such an aggressive deadline ("Our offer will remain open and capable of acceptance until 5:00 p.m., Eastern time, on Friday, June 15, 2018")? Presumably they want shareholders to pressure RCII's, but why give a deadline only a few days away from the initial filing?

That would be my guess. Create urgency & get shareholders scared of the alternative of not accepting the $14 per share.

I think $14 is too low.

Look at AAN & CONN as comps and it is easy to justify a $20 stock price in a successful turn-around

LowIQinvestor

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Re: RCII - Rent-A-Center
« Reply #82 on: June 18, 2018, 05:15:14 AM »
Bam!

Rent-A-Center to be Acquired by Vintage Capital for $15.00 Per Share in Cash

https://finance.yahoo.com/news/rent-center-acquired-vintage-capital-120000700.html

given2invest

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Re: RCII - Rent-A-Center
« Reply #83 on: June 18, 2018, 07:04:29 AM »
congrats everyone

writser

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Re: RCII - Rent-A-Center
« Reply #84 on: June 18, 2018, 12:04:17 PM »
Unfortunately I chickened out at some point. Congrats too those who didn't.
When you are dead, you do not know you are dead. It's only painful and difficult for others. The same applies when you are stupid.