NEWS
The Aaron's Company Enters into Definitive Agreement to Be Acquired by IQVentures for $10.10 Per Share
The Aaron's Company announced a definitive agreement to be acquired by IQVentures Holdings for $10.10 per share in cash, valuing the company at approximately $504 million. This price represents a 34.0% premium over Aaron's closing share price on June 14, 2024, and a 35.6% premium over the 90-day volume-weighted average share price.
The transaction, approved by Aaron's Board of Directors, is expected to close by year-end, pending shareholder and regulatory approval. Post-acquisition, Aaron's will become a privately held company, delisting from NYSE, but continue operating under its existing brand and maintaining its headquarters in Atlanta, GA.
The transaction, approved by Aaron's Board of Directors, is expected to close by year-end, pending shareholder and regulatory approval. Post-acquisition, Aaron's will become a privately held company, delisting from NYSE, but continue operating under its existing brand and maintaining its headquarters in Atlanta, GA.
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