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Rent-A-Center Agrees to Buy Acima Holdings in $1.6 Billion Deal Nabila Ahmed, Bloomberg News New homes stand at the Lexington Country development in Frisco, Texas, U.S., on Saturday, Nov. 17, 2018. Hot markets are cooling fast as interest rates rise. In the great housing slowdown of 2018, shoppers are reclaiming the upper hand, after years of soaring prices that placed most inventory out of reach for many families. Photographer: Laura Buckman/Bloomberg , Bloomberg (Bloomberg) -- Rent-A-Center Inc. is acquiring online lease-to-own provider Ac...

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...

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 approximat...

Rent-A-Center to Buy Acima Holdings in $1.6 Billion Deal Bloomberg 12/21/2020 Nabila Ahmed © Bloomberg New homes stand at the Lexington Country development in Frisco, Texas, U.S., on Saturday, Nov. 17, 2018. Hot markets are cooling fast as interest rates rise. In the great housing slowdown of 2018, shoppers are reclaiming the upper hand, after years of soaring prices that placed most inventory out of reach for many families. (Bloomberg) -- Rent-A-Center Inc. is acquiring online lease-to-own provider Acima Holdings LLC in a cash-and-stock deal valued at more than $1.6 bill...

Rent-A-Center Rises on Deal to Buy Online Peer Acima for $1.6B Rent-A-Center stock traded higher Monday after the company said it agreed to buy online lease-to-own provider Acima Holdings for $1.6 billion. Author: Rent-A-Center  ( RCII) - Get Report shares were higher on Monday a day after the company said it agreed to buy online lease-to-own provider Acima Holdings in a deal valued at more than $1.6 billion in cash and stock. Shares of the Plano, Texas, company at last check rose 11% to $39.11. The terms call for Rent-A-Center to pay $1.27 billion cash and 10.8 million common shares cu...