The Aaron's Company Inks Agreement To Be Acquired by IQVentures For $10.10 Per Share In A $504M Deal
Portfolio Pulse from Benzinga Newsdesk
The Aaron's Company has entered into an agreement to be acquired by IQVentures for $10.10 per share, valuing the deal at $504 million.
June 17, 2024 | 11:02 am
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POSITIVE IMPACT
The Aaron's Company has agreed to be acquired by IQVentures for $10.10 per share, in a deal valued at $504 million. This acquisition is likely to positively impact AAN's stock price in the short term as the offer price represents a premium over its current trading price.
The acquisition price of $10.10 per share is likely higher than the current market price, which should lead to a short-term increase in AAN's stock price as investors react to the premium offered.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100