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Levi & Korsinsky, LLP has commenced an investigation into the fairness of the sale of Rent-A-Center, Inc. (NASDAQ: RCII) to Vintage Rodeo Parent, LLC, an affiliate of Vintage Capital Management LLC, for $15.00 per share.
The investigation concerns whether the Board of Rent-A-Center breached their fiduciary duties to stockholders by failing to adequately shop the Company before agreeing to enter into this transaction, and whether Vintage is underpaying for Rent-A-Center shares, thus unlawfully harming Rent-A-Center shareholders.
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