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We provide the latest news from the world of economics and finance
(RTTNews) - The Aaron's Company, Inc. (AAN), a provider of lease-to-own and retail purchase solutions, Monday said it has agreed to be acquired by fintech firm IQVentures Holdings, LLC for an enterprise value of about $504 million, to be paid in cash.
The purchase price of $10.10 per share represents a a premium of 34 percent over Aaron's closing share price of $7.54 on June 14.
Aaron's shares were up more than 30 percent in pre-market.
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