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Rent-A-Center Enters Into Definitive Agreement to Acquire Acima to Create Leading Virtual Lease-to-Own Platform, Accelerate Long-Term Growth – Consumer Electronics Net

3 months ago Acima operates in over 15,000 active retail partner locations and e-commerce platforms with approximately $1.25 billion in revenue and $225 million in adjusted EBITDA expected for 2020 $1.65 billion cash and stock transaction that expands Rent-A-Center’s position as a premier fintech platform in both the traditional and virtual LTO segments Combination has strong synergy potential and results in estimated pro forma 2020E revenue of approximately $4.1 billion and $540 million in adjusted EBITDA, improving long-term outlook for revenue, profitability and cash flow generation 1 PLANO, Texas–(BUSINESS WIRE)–Rent-A-Center, Inc. (the “Company” or “Rent-A-Center”) (NASDAQ: RCII) today announced that it has entered into a definitive agreement to acquire Acima Holdings LLC, a leading provider of virtual lease-to-own solutions. Total consideration consists of $1.273 billion in cash and approximately 10.8 million shares of Rent-A

United statesPuerto ricoSalt lake cityRosen katzMitch fadelBrian reganJason hoggAaron allredCompany orCompany preferred leaseJp morgan securitiesCredit suisseSecurities united states incActual agency for preferred dynamixSullivan cromwellAcima holdings

Rent-A-Center to Acquire Acima, for $1 650 Billion

Rent-A-Center, Inc. (NASDAQ: RCII), a Plano, Texas-based omni-channel lease-to-own provider for the credit constrained customer, is to acquire Acima Holdings LLC, a provider of virtual lease-to-own solutions. Total consideration consists of $1.273 billion in cash and approximately 10.8 million shares of Rent-A-Center common stock currently valued at $377m. The transaction is expected to close in the first half of 2021 subject to customary closing conditions, including clearance under the Hart-Scott-Rodino Antitrust Improvements Act. Acima is a LTO fintech company with a national presence in retail partner stores and e-commerce platforms, and a broad range of product verticals. Founded in 2013 in Salt Lake City, Utah, Acima has grown annual revenues from $97 million in 2016 to an expected $1.25 billion in 2020. Acima will continue to operate out of Salt Lake City and will incorporate the complementary Preferred Dynamix platform to create a frictionless LTO experience for consumers

Puerto ricoUnited statesSalt lake cityJason hoggMitch fadelAcima holdingsHart scott rodino antitrust improvementsPreferred dynamixPreferred leaseChief executive officerRenta center businessப்வெர்டோ ரிக்கோஒன்றுபட்டது மாநிலங்களில்உப்பு ஏரி நகரம்ஜேசன் ஹாக்மிட்ச் பாடேல்

Rent-A-Center Enters Into Definitive Agreement to Acquire Acima to Create Leading Virtual Lease-to-Own Platform, Accelerate Long-Term Growth

Press release content from Business Wire. The AP news staff was not involved in its creation. Rent-A-Center Enters Into Definitive Agreement to Acquire Acima to Create Leading Virtual Lease-to-Own Platform, Accelerate Long-Term Growth December 21, 2020 GMT PLANO, Texas (BUSINESS WIRE) Dec 20, 2020 Rent-A-Center, Inc. (the “Company” or “Rent-A-Center”) (NASDAQ: RCII) today announced that it has entered into a definitive agreement to acquire Acima Holdings LLC, a leading provider of virtual lease-to-own solutions. Total consideration consists of $1.273 billion in cash and approximately 10.8 million shares of Rent-A-Center common stock currently valued at $377 million. The transaction is expected to close in the first half of 2021 subject to customary closing conditions, including clearance under the Hart-Scott-Rodino Antitrust Improvements Act. Further details regarding the Acima acquisition will be discussed in a conference call with investors tomorrow at 8:30am ET and mo

United statesPuerto ricoSalt lake cityRosen katzMitch fadelBrian reganJason hoggAaron allredCompany orCompany preferred leaseJp morgan securitiesCredit suisseSecurities united states incActual agency for preferred dynamixSullivan cromwellAcima holdings

Rent-A-Center Enters Into Definitive Agreement to Acquire Acima to Create Leading Virtual Lease-to-Own Platform, Accelerate Long-Term Growth – IT Business Net

Rent-A-Center Enters Into Definitive Agreement to Acquire Acima to Create Leading Virtual Lease-to-Own Platform, Accelerate Long-Term Growth – IT Business Net
itbusinessnet.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from itbusinessnet.com Daily Mail and Mail on Sunday newspapers.

United statesPuerto ricoSalt lake cityRosen katzMitch fadelBrian reganJason hoggAaron allredCompany orCompany preferred leaseJp morgan securitiesCredit suisseSecurities united states incActual agency for preferred dynamixSullivan cromwellAcima holdings

Evercel Announces Agreement to Acquire ZAGG

Evercel Announces Agreement to Acquire ZAGG
forextv.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from forextv.com Daily Mail and Mail on Sunday newspapers.

United statesDaniel allenChris ahernCompany board of directorsInc nasdaqLatham watkinsEvercel incOppenheimer coLewis bockiusLincoln internationalBest buyGrant thorntonExecutive officerHart scott rodino antitrust improvementsஒன்றுபட்டது மாநிலங்களில்டேனியல் ஆலன்