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Fly News Breaks for February 24, 2017
AAN, RCII
Feb 24, 2017 | 09:04 EDT
Loop Capital analyst Anthony Chukumba thinks Engaged Capital has nominated a "strong" slate of director candidates for Rent-A-Center's (RCII) board and would not be surprised to see multiple of its nominees elected. However, he continues to believe a near-term sale of Rent-A-Center is highly unlikely, adding that he highly doubts Aaron's (AAN), which he sees as "the only logical strategic buyer," would be interested in taking on the integration challenge right now. Chukumba maintains a Hold rating on Rent-A-Center shares.
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