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Home Furnishing Stores M&A image Home Furnishing Stores M&A » By The Online Investor Staff, updated Mon., Nov. 28, 10:54 AM Recent mergers and acquisitions in the Home Furnishing Stores M&A category.

Slide #1. Aaron's, Inc. Progressive Finance Holdings, LLC

Acquirer: Aaron's, Inc. (NYSE:AAN)
Acquiree: Progressive Finance Holdings, LLC
Details: Aaron's, Inc. (NYSE:AAN) the leading lease-to-own specialty retailer that offers flexible payment options for credit-challenged individuals, today announced that it has acquired Progressive Finance Holdings, LLC ("Progressive"), a merchandise lease-to-own company from Summit Partners, in an all-cash transaction valued at approximately $700 million. Aaron's expects the transaction to be double digit accretive to cash earnings per share in 2014 and significantly more accretive in 2015.

Aaron's is a provider of lease-to-own (LTO) and purchase solutions. Through its portfolio of stores and its Aarons.com e-commerce platform, Co. provides consumers with LTO and purchase solutions for the products, including furniture, appliances, electronics, computers and a variety of other products and accessories. In addition, Co. provides a product selection, free prompt delivery, setup, service and returns, and the ability to pause, cancel or resume lease contracts at any time with no additional costs to the customer.

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Company Name: 
Aaron's Co Inc (The)
Stock buyback: 
AAN buyback
Website: 
www.aarons.com
Sector: 
Oil & Gas Equipment & Services
Number of ETFs Holding AAN: 
48
Total Market Value Held by ETFs: 
$85.68M
Total Market Capitalization: 
$365.00M
% of Market Cap. Held by ETFs: 
23.47%
 

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List of Home Furnishing Stores Mergers & Acquisitions in this Slideshow:

11/11/2012:
Acquirer: Leon's Furniture Limited (LNF.CA)
Acquiree: The Brick Ltd. (BRK.CA)
Merger/Acquisition details: details »

1/21/2014:
Acquirer: Rent-A-Wheel /Rent-A-Tire
Acquiree: Aaron's RIMCO Stores (AAN)
Merger/Acquisition details: details »

4/15/2014:
Acquirer: Aaron's, Inc. (AAN)
Acquiree: Progressive Finance Holdings, LLC
Merger/Acquisition details: details »

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Hold (2.14 out of 4)
0th percentile
(ranked lower than approx. 100% of all stocks covered)

Analysts' Target Price:
AAN Stock Forecast

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