Author Topic: RCII - Rent-A-Center  (Read 20261 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.

Foreign Tuffett

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Re: RCII - Rent-A-Center
« Reply #85 on: December 18, 2018, 05:45:49 AM »

writser

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Re: RCII - Rent-A-Center
« Reply #86 on: December 18, 2018, 06:16:56 AM »
Quote
Accordingly, Rent-A-Center notified Vintage Capital today of Rent-A-Centerís termination of the Merger Agreement and noted Vintage Capitalís obligation under the terms of the Merger Agreement to pay the Company a reverse breakup fee of $126,500,000 within three business days.

zzzing.
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.

Foreign Tuffett

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Re: RCII - Rent-A-Center
« Reply #87 on: December 18, 2018, 06:30:36 AM »
Quote
Accordingly, Rent-A-Center notified Vintage Capital today of Rent-A-Centerís termination of the Merger Agreement and noted Vintage Capitalís obligation under the terms of the Merger Agreement to pay the Company a reverse breakup fee of $126,500,000 within three business days.

zzzing.

I doubt Vintage is going to hand over that much $ without a fight. Lawsuits and counter-suits coming?

writser

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Re: RCII - Rent-A-Center
« Reply #88 on: December 18, 2018, 06:50:07 AM »
Probably. I'm wondering what is going on here. Why did Vintage Capital not send an extension notice? If I remember correctly they weren't that large .. Seems like a massive break-up fee to me, wondering if they can cough that up even if they wanted to. Interesting to see how this all works out. No opinion on the stock itself.
« Last Edit: December 18, 2018, 06:51:48 AM by writser »
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.

writser

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Re: RCII - Rent-A-Center
« Reply #89 on: December 20, 2018, 06:53:54 AM »
I'm probably an idiot but I don't understand the price action at all .. Squeeze? I'm short a token amount of shares.
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.