Energy News / Shareholders Foundation, Inc.

NASDAQ:RCII Investor Alert: Lawsuit Filed in Effort to Halt the Takeover of Rent-a-Center, Inc

Via: ReleaseWire

Updated 11:30 AM CDT, Mon, August 06,2018

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

For more information on this press release visit:
http://www.sbwire.com/press-releases/nasdaqrcii-investor-alert-lawsuit-filed-in-effort-to-halt-the-takeover-of-rent-a-center-inc-1023680.htm

Media Relations Contact
Michael Daniels
858-779-1554
Email: Click to Email Michael Daniels
Web: http://www.ShareholdersFoundation.com