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Fly News Breaks for February 14, 2017
RCII
Feb 14, 2017 | 13:16 EDT
After Engaged Capital called on Rent-A-Center to explore strategic alternatives, Loop Capital analyst Anthony Chukumba says a sale of the company to a strategic or financial buyer is "highly unlikely" in the near term. Aaron's (AAN), the only logical strategic buyer, would not likely to be interested in taking on integrating Rent-A-Center, while the company's" high leverage and deteriorating profitability" make a leveraged buyout an unlikely proposition, Chukumba tells investors in a research note. He keeps a Hold rating on Rent-A-Center.
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