A lawsuit was filed for investors in shares of Rent-A-Center, Inc. (NASDAQ: RCII) in connection with the proposed takeover and NASDAQ: RCII stockholders should contact the Shareholders Foundation.
San Diego, CA -- (SBWIRE) -- 08/06/2018 -- The Shareholders Foundation announces that an investor, who currently holds shares of Rent-A-Center, Inc. (NASDAQ: RCII), filed a lawsuit in effort to halt the proposed takeover of Rent-A-Center, Inc.
Investors who purchased shares of Rent-A-Center, Inc. (NASDAQ: RCII) and currently hold any of those Rent-A-Center, Inc. (NASDAQ: RCII shares have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
The plaintiff alleges that the defendants breached their fiduciary duties owed to NASDAQ: RCII stockholders by agreeing to sell Rent-A-Center, Inc. cheaply via an unfair process.
On June 18, 2018, Rent-A-Center, Inc. (NASDAQ/NGS:RCII) announced that it has entered into an agreement with Vintage Rodeo Parent, LLC , an affiliate of Vintage Capital Management, LLC, pursuant to which Vintage Rodeo Parent, LLC will acquire all of the outstanding shares of Rent-A-Center, Inc. (NASDAQ: RCII) common stock for $15.00 per share in cash
However, plaintiff claims that the proposed consideration NASDAQ: RCII shareholders will receive is grossly inadequate and undervalues Rent-A-Center, Inc. In addition, the plaintiff alleges that the process is also unfair NASDAQ: RCII stockholders
Shares of Rent-A-Center, Inc. (NASDAQ: RCII) closed on August 3, 2018, at $14.83 per share.
Those who are current investors in Rent-A-Center, Inc. (NASDAQ: RCII) shares have certain options and should contact the Shareholders Foundation.
Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com