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1 month ago Diluted EPS $1.00; Non-GAAP Diluted EPS $1.03, up 77.2% Provides 2021 Guidance Reflecting Approximately 30% Anticipated Accretion from Acima Acquisition PLANO, Texas–(BUSINESS WIRE)–Rent-A-Center, Inc. (the “Company” or “Rent-A-Center”) (NASDAQ/NGS: RCII) today announced results for the quarter ended December 31, 2020. “This past year was pivotal for Rent-A-Center,” said Mitch Fadel, Chief Executive Officer. “Strong performance in our Rent-A-Center business and growth in the retail partner channel drove record revenues and earnings...

Rent-A-Center Acquires Acima Holdings Rent-A-Center Inc. has acquired Acima Holdings. Combining Acima’s capabilities with Rent-A-Center’s Preferred Dynamix platform, the companies expect to provide retailers and consumers an expanding set of fintech services for lease-to-own transactions. The combined business will be led by Preferred Dynamix executive vice president Jason Hogg. “Acima’s technology and stellar team will help accelerate our innovation roadmap enabling us to support current and emerging LTO omnichannel needs of a diversified and growing portfolio of e-commerce and re...

Furniture World News Rent-A-Center, Inc. announced the completion of its previously announced acquisition of Acima Holdings. Combining Acima’s capabilities with Rent-A-Center’s Preferred Dynamix platform provides retailers and consumers an expanding set of innovative fintech solutions for frictionless lease-to-own (LTO) transactions. The combined company will allow consumers to enjoy the benefits of the Company’s flexible LTO solutions across e-commerce, digital, and mobile channels. The combined business will be led by Preferred Dynamix Executive Vice President Jason Hogg. “Acima’s...

1 month ago Integrating Acima’s capabilities creates premier fintech platform across traditional and virtual lease-to-own segments PLANO, Texas–(BUSINESS WIRE)–Rent-A-Center, Inc. (the “Company” or “Rent-A-Center”) (NASDAQ: RCII) today announced the completion of its previously announced acquisition of Acima Holdings. Combining Acima’s capabilities with Rent-A-Center’s Preferred Dynamix platform provides retailers and consumers an expanding set of innovative fintech solutions for frictionless lease-to-own (LTO) transactions. The combined compa...

Furniture World News By Nic Ledoux on 12/22/2020 Rent-A-Center, Inc. has 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 Improvem...