Rent-A-Center (NASDAQ: RCII), which is facing a proxy fight from the hedge fund Engaged Capital, has adopted a shareholder rights plan that will make it more difficult for the fund, or any other large shareholder, to gain controlling interest without the consent of the board of directors.
Rent-A-Center (NASDAQ: RCII) said this week it will nominate three current directors for re-election at its upcoming annual meeting, and indicated in a regulatory filing that it is digging in for a proxy fight with dissident shareholder Engaged Capital.
STORIS, a New Jersey-based provider of retail software services for large retailers, has expanded its financing capabilities with an integration to third-party rent-to-own and installment providers.
Brook Furniture Rental announced that it plans to close a transaction with Agman Partners, a multi-strategy investment firm representing the Silverman family of Chicago and Omaha, under which an affiliate of Agman will acquire all of the outstanding shares of Brook.
The incoming president of the Association of Progressive Rental Organizations wants to continue promoting the organization's consumer website ShopRTO.
Joe Messina has joined CORT Trade Show & Event Furnishings as executive director of sales.
Rent-to-own retailer Aaron's (NYSE: AAN) has acquired Progressive Finance Holdings, an online lease-to-own retailer, in a $700 million cash transaction.