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Fly News Breaks for June 5, 2017
RCII
Jun 5, 2017 | 08:16 EDT
KeyBanc analyst Bradley Thomas believes it is "increasingly likely" that Engaged Capital will obtain seats on Rent-A-Center's board on June 8. He thinks that the board will probably look into selling the company and he believes that the company could ultimately be sold. The analyst says that the election of Engaged Capital's representatives to the board would be a positive catalyst for Rent-A-Center's stock, and he thinks that a "near-term opportunity" has been created ahead of the June 8 annual meeting.
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