Rent-A-Center Inc (NASDAQ: RCII)
Rent-A-Center is having a strong day in the market today, and for good reason. There’s a rumor surfacing that the company may soon be acquired, and that’s creating quite a bit of excitement among investors who are pushing the stock upward. Of course, our partners at Trade Ideas were the first to alert us to the gains. At the moment (12:09), RCII is trading at $9.07 per share after a gain of $0.45 per share (5.22%) thus far today.
AAN May Be Interested In Buying RCII
As mentioned above, Rent-A-Center is having an incredibly strong day in the market today, and for good reason. Acquisition rumors are surfacing and investors are excited. At the moment, here’s what we know about the potentially coming acquisition…
First and foremost, the rumors suggest that Aaron’s (AAN) is the interested party. However, to be quite honest, that is about it. We do not know at what price Aaron’s would be willing to buy RCII, nor whether or not talks as actually happening. Nonetheless, this rumor is causing some big movement in the stock.
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What We’ll Be Watching For Ahead
Moving forward, the CNA Finance team will be keeping a close eye on RCII. In particular, we’re interested in learning more about the potential acquisition. Nonetheless, it’s important to keep in mind that what we’re seeing at the moment is nothing more than rumors, and these types of rumors happen all the time in the market. We’ll continue to follow the story closely and bring the news to you as it breaks.
What Do You Think?
Will AAN buyout RCII? Join the discussion in the comments below!
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