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Rent-A-Center, Inc. (NASDAQ: RCII) Investor Lawsuit Over Alleged Wrongdoing In Acquisition Announced

  • Investors who purchased shares of Rent-A-Center, Inc. (NASDAQ: RCII) may have certain options. Please contact the Shareholders Foundation, Inc.

  • To have your information reviewed for options and to receive notifications about this case, please send an email to mail@shareholdersfoundation.com, or call us at (858) 779-1554.

Lawsuit Overview

Company
Rent-A-Center Inc
Security
NASDAQ: RCII

Case Name
Rent-A-Center Deal Case
Type of Lawsuit
Mergers and Acquisition
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Summary

An investor, who currently holds shares of Rent-A-Center, Inc. (NASDAQ: RCII), filed a lawsuit in effort to halt the proposed takeover of Rent-A-Center, Inc. The plaintiff alleges that the defendants breached their fiduciary duties owed to NASDAQ: RCII stockholders by agreeing to sell Rent-A-Center, Inc. cheaply via an unfair process.

On June 18, 2018, Rent-A-Center, Inc. (NASDAQ/NGS:RCII) announced that it has entered into an agreement with Vintage Rodeo Parent, LLC , an affiliate of Vintage Capital Management, LLC, pursuant to which Vintage Rodeo Parent, LLC will acquire all of the outstanding shares of Rent-A-Center, Inc. (NASDAQ: RCII) common stock for $15.00 per share in cash. However, plaintiff claims that the proposed consideration NASDAQ: RCII shareholders will receive is grossly inadequate and undervalues Rent-A-Center, Inc. In addition, the plaintiff alleges that the process is also unfair NASDAQ: RCII stockholders