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BRIEF-Rent-A-Center says ‍Vintage Capital Management made unsolicited proposal to buy 100 pct of stock of co for $15/shr​
July 11, 2017 / 11:33 AM / in 3 months

BRIEF-Rent-A-Center says ‍Vintage Capital Management made unsolicited proposal to buy 100 pct of stock of co for $15/shr​

July 11 (Reuters) - Rent-A-Center Inc:

* Rent-A-Center - ‍Vintage Capital Management made unsolicited proposal to buy 100 pct of stock of co in a go-private transaction for $15.00 per share​

* Rent-A-Center says ‍on July 5, following review by board, with assistance of its financial and legal advisors, company formally rejected Vintage’s proposal​

* Says ‍“board determined that Vintage’s proposal significantly undervalues company​” - sec filing

* Rent-A-Center - board determined​ ‍strategic plan being implemented positions co to deliver "greater value to its stockholders" than Vintage's proposal Source text - bit.ly/2sLhsLL Further company coverage:

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