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Fly News Breaks for July 11, 2017
RCII
Jul 11, 2017 | 09:13 EDT
After Rent-A-Center disclosed that it rejected an unsolicited $15.00 per share takeover offer from private equity firm Vintage Capital Management, Loop Capital analyst Anthony Chukumba said he is maintaining his Sell rating on the stock, as he questions how Vintage would be able to finance such a going private deal. He also thinks Rent-A-Center's rejection demonstrates how opposed it is to selling. Chukumba keeps an $8 price target on Rent-A-Center shares.
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