April 17, 2014
Vintage Capital Management LLC on Thursday withdrew its buyout bid for Aaron's Inc. that valued the company at $2.3 billion, slamming the struggling rent-to-own retailer for its recent $700 million acquisition of a retail credit financing firm and confirming plans for a proxy contest.
April 15, 2014
Rent-to-own retailer Aaron's Inc. has rejected — and filed suit over — a $2.3 billion takeover offer from private equity firm Vintage Capital Management LLC and instead bolstered its asset portfolio by acquiring a retail credit financing firm for $700 million, the company announced Tuesday.