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Rent-A-Center Jumps After Receiving Increased Takeover Offer

Shares of Rent-A-Center (RCII) have shown a strong move to the upside during trading on Monday, surging up by 5.1 percent. Earlier in the session, Rent-A-Center reached its best intraday level in over four months.

The jump by Rent-A-Center comes after the rent-to-own furniture retailer said it received an increased takeover offer after ending its strategic review.

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