Headlines

Rent-A-Center to Acquire Merchants Preferred

The deal is valued at $45.7 million

Published

5 years ago

July 15, 2019

VMSD Staff

Rent-A-Center (Plano, Texas) announced that it has “inked a definitive agreement” to acquire Merchants Preferred (Atlanta), Retail Dive reports. The virtual rent-to-own company was acquired by Rent-A-Center in a deal that is valued at a reported $47.5 million.

Rent-A-Center obtained the company for $28 million in cash, as well as with a minimum of 701,918 shares of Rent-A-Center’s common stock, according to Retail Dive.

The acquisition will officially close in the third quarter and has already been approved by Rent-A-Center’s board of directors, according to a company press release, and reported by Retail Dive.

MasterClass: ‘Re-Sparkling’ Retail: Using Store Design to Build Trust, Faith and Brand Loyalty

HOW CAN WE EMPOWER and inspire senior leaders to see design as an investment for future retail growth? This session, led by retail design expert Ian Johnston from Quinine Design, explores how physical stores remain unmatched in the ability to build trust, faith, and loyalty with your customers, ultimately driving shareholder value.

Presented by:
Ian Johnston
Founder and Creative Director, Quinine Design