Shares of The Aaron's Company, Inc. (AAN), a provider of lease-to-own and retail purchase solutions, were rising more than 32 percent in pre-market on Monday to $10.00, after the company announced its decision to be acquired by fintech firm IQVentures Holdings, LLC for an enterprise value of about $504 million, to be paid in cash.
The purchase price of $10.10 per share represents a premium of 34 percent over Aaron's closing share price of $7.54 on June 14.
The stock has traded in the range of $6.62 - $16.16 in the last 1 year.
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