Vintage, which originally offered $13 per share for Rent-A-Center last fall, made a $14-per-share proposal on June 12. Rent-A-Center said Monday its board had unanimously accepted an improved $15-per-share offer that represents a premium of 25% to the stocks Friday close. The board is confident [the proposal] maximizes value for stockholders while delivering a significant and immediate cash premium, CEO Mitch Fadel said in a news release...

(Reuters) - Rent-A-Center Inc said on Monday it will nominate an independent director, recommended by activist investor Engaged Capital, to the rent-to-own furniture retailers board. Shares of the company, which has been under pressure from activist hedge funds Engaged Capital and Marcato Capital, fell 2.2 percent to $9.53 in afternoon trading...

It is clear the board realizes robust corporate governance practices, including strong and independent oversight, are and will continue to be important contributors to enhancing shareholder value at RCII. The amendment permitting the declassification of the board will require the approval of common...

Rent-A-Center, Inc. (NASDAQ: RCII) today announced that its Board of Directors has voted unanimously to submit a proposal to the Company's stockholders at its 2018 Annual Meeting of Stockholders (the 2018 Annual Meeting) to amend Rent-A-Center's certificate of incorporation such that all...

Engaged Capital, LLC (together with its affiliates, Engaged Capital) an investment firm specializing in enhancing the value of small and mid-cap North American equities with a 20.5% economic exposure to Rent-A-Center, Inc. (Rent-A-Center or the Company) (NASDAQ:RCII), today issued a statement in respect of its investment in Rent-A-Center...