Buyout firm Vintage Capital Management on Tuesday sweetened its offer for Rent-A-Center Inc (RCII.O) to $14 per share in cash, a day after the retailer ended its sale process saying it had not received a satisfactory takeover offer.
The retailer’s shares were up 10 percent at $12 in morning trading, well below the latest offer.
Rent-A-Center earlier said it received an increased offer from a suitor, shortly after it ended a strategic review and said it was no longer up for sale.
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