Omnichannel Provider To Be Acquired By Major Investment Firm

The Aaron's Company, Inc. (NYSE: AAN), a well-established entity in the lease-to-own retail sector, has announced that it has entered into a definitive agreement to be acquired by IQVentures Holdings, LLC, a leading fintech organization, for $10.10 per share in cash. This agreement values The Aaron's Company at an enterprise value of approximately $504 million. The acquisition price represents a significant premium of 34.0% over the Company's closing share price of $7.54 on June 14, 2024, and a 35.6% premium over the Company's 90-day volume-weighted average share price. $Aarons Holdings Co Inc(AAN.US)$