-
Red Robin Reiterates That Vintage Capital's Proposal Undervalues The Company
Wednesday, September 11, 2019 - 9:05am | 302Red Robin Gourmet Burgers, Inc. (NASDAQ: RRGB) has responded to a letter from private-equity firm Vintage Capital Management, LLC stating it “undervalues” the company. In July, Vintage Capital said it's willing to pay $40 a share for Red Robin Gourmet Burgers Inc. and contacted the...
-
BTIG: Vintage Capital's Offer To Red Robin Undercooked
Friday, June 14, 2019 - 5:15pm | 394Activist investor Vintage Capital Management sent a letter to Red Robin Gourmet Burgers, Inc. (NASDAQ: RRGB) urging the board to review strategic alternatives — including a sale to the activist investor. The Analyst BTIG's Peter Saleh maintained a Neutral rating on Red...
-
What's Next For Rent-A-Center?
Wednesday, December 19, 2018 - 4:22pm | 383Furniture and electronic goods rent-to-own retailer Rent-A-Center Inc (NASDAQ: RCII) terminated a merger agreement with Vintage Capital Management, which prompted an immediate sell-off in the stock. An Upgrade Raymond James' Budd Bugatch upgraded Rent-A-Center's stock rating from Market...
-
Rent-A-Center Calls Off Vintage Capital Merger, Shares Fall 17%
Tuesday, December 18, 2018 - 10:05am | 340Furniture and electronics rent-to-own retailer Rent-A-Center Inc (NASDAQ: RCII) said Tuesday it terminated a merger agreement with Vintage Capital Management. What Happened Amid pressure from activist investors, Rent-A-Center agreed in the summer to sell itself to Vintage Capital for $1.37 billion...
-
Does Rent-A-Center Hold A Merger Arbitrage Opportunity?
Tuesday, October 9, 2018 - 12:01pm | 475Rent-A-Center Inc (NASDAQ: RCII) agreed to sell itself to Vintage Capital Management at $15 per share, which has some investors questioning why the stock is trading at an approximate 70-cent discount to the purchase price. Loop Capital Markets took a dive into the stock's potential merger...
-
Aaron's Shares Respond as Vintage Announces Buyout Offer
Friday, February 7, 2014 - 2:54pm | 317Shares of Aaron's (NYSE: AAN) gain as much as 19.076% in Friday's trading following Vintage Capital's formal letter to purchase the company. On January 30, Vintage Capital Management scheduled a 13D filing with the U.S. Securities and Exchange Commission. Vintage owns 7,277,00 shares of Aaron's...