Vintage Capital acquired Rent-A-Center for $15.00 in cash.

Rent-A-Center Inc., a leader in the rent-to-own industry, today announced that it has entered into a definitive agreement with Vintage Rodeo Parent, an affiliate of Vintage Capital Management, pursuant to which Vintage will acquire all of the outstanding shares of Rent-A-Center common stock for $15.00 per share in cash. The transaction, which is not subject to a financing condition, and is expected to close by the end of 2018, subject to customary closing conditions including the receipt of stockholder and regulatory approvals, represents a total consideration of approximately $1.365 billion, including net debt.