Fintech firm IQVentures acquires Aaron's Company Inc. for $504M, delisting it from NYSE.
Fintech firm IQVentures Holdings, LLC has agreed to acquire lease-to-own retailer Aaron's Company Inc. for $504 million in cash, a 34% premium over Aaron's closing share price. The deal, valued at $10.10 per share, will make Aaron's privately-held and delist from the NYSE. Aaron's will continue to operate under its existing brand names and maintain its Atlanta headquarters.
June 17, 2024
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